BlackRock Amends UHS Class B Stock Ownership (15th Update)
Ticker: UHS · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 352915
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment, healthcare
TL;DR
**BlackRock just updated its passive stake in Universal Health Services Class B stock.**
AI Summary
BlackRock, Inc. has filed an amendment (SC 13G/A) on January 26, 2024, updating its ownership in Universal Health Services Inc.'s Class B Common Stock as of December 31, 2023. This filing, Amendment No. 15, indicates BlackRock's continued significant, though potentially adjusted, passive investment in the healthcare provider. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Universal Health Services, potentially influencing other investors.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability to a stock, but any significant reduction could signal a lack of confidence, potentially impacting the stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate, significant risk.
Analyst Insight
Investors should monitor future 13G/A filings from BlackRock to track any significant changes in their ownership percentage, as a substantial increase or decrease could influence market perception of Universal Health Services Inc.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Universal Health Services Inc. (company) — the subject company whose securities are being reported
- Class B Common Stock (security) — the type of securities held by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment (indicated by 'A') to a Schedule 13G. It signifies that BlackRock, Inc., a passive institutional investor, is updating its previously reported beneficial ownership of Universal Health Services Inc.'s Class B Common Stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742, located at 50 Hudson Yards, New York, NY.
What is the subject company and the specific class of securities involved?
The subject company is Universal Health Services Inc., a general medical & surgical hospital company (CIK: 0000352915). The specific class of securities involved is their Class B Common Stock, identified by CUSIP Number 913903100.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023. This is the date as of which BlackRock's ownership position is being reported in this amendment.
How many amendments has BlackRock filed for this specific holding?
This filing is Amendment No. 15, indicating that BlackRock, Inc. has previously filed 14 other amendments to its Schedule 13G regarding its ownership in Universal Health Services Inc.'s Class B Common Stock.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding UNIVERSAL HEALTH SERVICES INC (UHS).