SEC Form SC 13G/A filed by Universal Health Services Inc. (Amendment)

2/8/24 3:22:49 PM ET

Hospital/Nursing Management

Health Care

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SC 13G/A 1 uhs12312313ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2) (RULE 13d-102) Information to be included in statements filed pursuant to Rule 13d-1 (b) (c) and (d) and Amendments thereto filed pursuant to Rule 13d-2 (b). Universal Health Services Inc. Class B (Name of Issuer) Common shares (Title of Class of Securities) 913903100 (CUSIP/SEDOL Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1 (b) [ ] Rule 13d-1 (c) [ ] Rule 13d-1 (d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G/A Issuer: Universal Health Services Inc. Class B CUSIP No.: 913903100 1 NAMES OF REPORTING PERSONS First Eagle Investment Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware NUMBER OF SHARES 5 SOLE VOTING POWER - 4,193,717 BENEFICIALLY 6 SHARED VOTING POWER - 0 OWNED BY EACH 7 SOLE DISPOSITIVE POWER - 4,630,429 REPORTING PERSON 8 SHARED DISPOSITIVE POWER - 0 WITH: 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,630,429 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 7.59% 12 TYPE OF REPORTING PERSON IA SCHEDULE 13G/A Issuer: Universal Health Services Inc. Class B CUSIP No.: 913903100 ITEM 1 (a) Name of Issuer: Universal Health Services Inc. Class B (b) Address of Issuer's Principal Executive Offices: 367 S Gulph Road King of Prussia, PA 19406 ITEM 2 (a) Name of Person Filing: First Eagle Investment Management, LLC (b) Address of Principal Business Office: 1345 Avenue of the Americas New York, NY 10105 (c) Citizenship: Delaware, USA (d) Title of Class of Securities: Common Stock (e) CUSIP No.: 913903100 ITEM 3 If this statement is filed pursuant to Sections 240. 13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78C); (d) [ ] Investment company registered under Section 8 of the Investment Company Act if 1940 (15 U.S.C. 80a-8); (e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an insurance company under Section 3 (c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with section 240.13d-1 (b)(1)(ii)(J). SCHEDULE 13G/A Issuer: Universal Health Services Inc. Class B CUSIP No.: 913903100 ITEM 4. Ownership. See cover page. ITEM 5. Ownership of Five Percent or Less of a Class. N/A ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Securities reported on this Schedule 13G as being beneficially owned by First Eagle Investment Management, LLC are held by or at the direction of First Eagle Investment Management, LLC and/or one or more of its investment adviser subsidiaries, which may include First Eagle Separate Account Management, LLC, principally on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds, other institutional clients, or separate accounts, but sometimes for its own account. First Eagle Investment Management, LLC (FEIM), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 4,630,429 shares, or 7.59% of the common stock believed to be outstanding as a result of acting as investment adviser to various clients. Clients of FEIM have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities. The First Eagle Global Fund, a registered investment Company for which FEIM acts as investment adviser, may be deemed to beneficially own 3,368,166 of these 4,630,429 shares, or 5.52% of the Company's Common Stock. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON. N/A ITEM 8. Identification and Classification of Members of the Group. N/A ITEM 9. Notice of Dissolution of Group N/A ITEM 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose of effect, other than activities solely in connection with a nomination under 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 8, 2024 Signature: /s/ David O'Connor Name/Title: David O'Connor, Senior Vice President

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Recent Analyst Ratings for

$UHS

Date	Price Target	Rating	Analyst
7/16/2025	$185.00	Neutral → Underperform	BofA Securities
4/15/2025	$224.00	Outperform → Neutral	Robert W. Baird
3/26/2025	$200.00	Equal-Weight	Morgan Stanley
2/3/2025		Neutral → Overweight	Cantor Fitzgerald
12/17/2024	$226.00	Neutral	Analyst
12/16/2024	$228.00 → $198.00	Buy → Neutral	Goldman
11/6/2024	$223.00	Neutral	BofA Securities
10/16/2024	$220.00 → $283.00	Hold → Buy	TD Cowen

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SEC Form SC 13G/A filed by Universal Health Services Inc. (Amendment)

2/8/24 3:22:49 PM ET

$UHS

Hospital/Nursing Management

Health Care

Get the next $UHS alert in real time by email

Recent Analyst Ratings for

$UHS

Date	Price Target	Rating	Analyst
7/16/2025	$185.00	Neutral → Underperform	BofA Securities
4/15/2025	$224.00	Outperform → Neutral	Robert W. Baird
3/26/2025	$200.00	Equal-Weight	Morgan Stanley
2/3/2025		Neutral → Overweight	Cantor Fitzgerald
12/17/2024	$226.00	Neutral	Analyst
12/16/2024	$228.00 → $198.00	Buy → Neutral	Goldman
11/6/2024	$223.00	Neutral	BofA Securities
10/16/2024	$220.00 → $283.00	Hold → Buy	TD Cowen

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SEC Form SC 13G/A filed by Universal Health Services Inc. (Amendment)

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SEC Form SC 13G/A filed by Universal Health Services Inc. (Amendment)

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Insider Trading

Executive Chairman Miller Alan B acquired 342,497 units of Class B Common Stock and disposed of 400,000 units of Class B Common Stock, increasing direct ownership by 25% to 1,718,837 units (SEC Form 4)

President and CEO Miller Marc D disposed of 400,000 units of Class B Common Stock and acquired 57,503 units of Class B Common Stock (SEC Form 4)

Executive Chairman Miller Alan B disposed of 105,755 units of Class B Common Stock and acquired 105,755 units of Class B Common Stock, decreasing direct ownership by 3% to 1,376,340 units (SEC Form 4)

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Press Releases

UNIVERSAL HEALTH SERVICES, INC. ANNOUNCES FINANCIAL RESULTS FOR THE THREE AND SIX-MONTH PERIODS ENDED JUNE 30, 2025, AND INCREASES 2025 FULL YEAR OPERATING RESULTS FORECAST

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SEC Form 10-Q filed by Universal Health Services Inc.

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Chen-Langenmayr Nina sold $194,789 worth of Class B Common Stock (1,405 units at $138.64) and bought $34,182 worth of Class B Common Stock (250 units at $136.73), decreasing direct ownership by 40% to 1,738 units (SEC Form 4)

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Edward H. Sim Named Executive Vice President, UHS and President, Acute Care Division

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Universal Health Services Inc.