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UHS

Universal Health

$127.24

-0.05 (-0.04%)

15:20
11/15/18
11/15
15:20
11/15/18
15:20

Notable call spread in Universal Health as shares advance

Notable call spread in Universal Health as shares advance. The stock up 64c to $127.93 and 7.2K Jan 125 - 135 call spreads sold at $4.50. Size matches a block of Jan 125 calls bought for $4.55 on 7/23/18 with shares $115.50. The call buy created the largest open interest in the name and now, after an 11% move in the underlying, the calls are being covered at $6.90, to monetize $1.6M profits on the 7.2K lot. Now a new position in Jan 135 calls was opened today in anticipation of further gains over the next two months.

UHS Universal Health
$127.24

-0.05 (-0.04%)

11/13/18
11/13/18
NO CHANGE

Credit Suisse sees antitrust issues in possible Universal Health, Acadia deal
11/13/18
FBCO
11/13/18
NO CHANGE
FBCO
Outperform
Acadia sinks, Credit Suisse sees antitrust issues with any UHS interest
After hosting Universal Health Services CFO Steve Filton for an investor dinner, Credit Suisse analyst A.J. Rice says the recovery of the company's psychiatric business is taking longer than it had originally expected. The analyst, however, adds that demand in the psych industry "is plentiful" and could support growth levels higher than the company's current targets if it can capitalize on it. Rice also opined on the recent press reports of private equity interest in Acadia Healthcare (ACHC), Universal Health Services' main public peer. If Universal Health were to look at buying Acadia, there would likely be some areas of antitrust concern, Rice tells investors in a research note. In the U.S., there could be challenges in specific markets to acquiring Acadia, while in the U.K., there would almost certainly be antitrust concerns, says the analyst. Further, Universal Health has also expressed some reluctance to consider taking on an acquisition the size of Priory in the U.K. at this time, Rice adds. Shares of Acadia Healthcare fell significantly in afternoon trading but are well off their lows. Following a few halts for volatility, the stock is down 9%, or $3.60, to $38.34. Universal Health Services, meanwhile, is down 2% to $127.71. Rice has an Outperform rating on Universal Health with a $150 price target. CNBC's David Faber last week reported that a buyout of Acadia may be a couple of weeks away.
11/13/18
RBCM
11/13/18
NO CHANGE
Target $45
RBCM
Outperform
RBC says Acadia weakness likely due to competitor note or delayed 10-Q reaction
RBC Capital analyst Frank Morgan said he suspects the intraday weakness in shares of Acadia (ACHC) was in reaction to a competitor report following a conference event, in which an analyst concluded that Universal Health (UHS) would not likely be an acquirer due to size and FTC issues. However, in his opinion, it is hard to imagine that investors would have thought a merger of these two companies was possible and Morgan believes a more likely scenario would be an LBO with a private equity sponsor or a sale of Acadia's U.K. assets. He notes that another possibility could be a delayed reaction to disclosures included in the company's 10-Q filing last week of a new False Claims investigation brought by the U.S. Attorney's Office in West Virginia. While a potential false claim investigation is always concerning, Morgan believes an investigation isolated to ancillary lab services at a limited number of facilities should likely carry less exposure, he tells investors. Morgan has an Outperform rating and $45 price target on Acadia shares.
11/14/18
SBSH
11/14/18
NO CHANGE
Target $43
SBSH
Buy
Acadia selloff overdone, private equity the more likely buyer, says Citi
Citi analyst Ralph Giacobbe views yesterday's selloff in Acadia Healthcare (ACHC) shares as overdone. The analyst attributes the 14% pullback to headlines suggesting Universal Health (UHS) would not be a potential acquirer of the company due to potential regulatory issues. Giacobbe, however, puts "much more credence" to a private equity buyer over Universal Health. The analyst sees Acadia's Q3 results as supporting a takeover bid given the "strong" U.S. performance offset by weaker U.K., which he notes could ultimately be divested by private equity or Acadia itself. To reflect pressures in the U.K., he lowered his price target for Acadia Healthcare shares to $43 from $46. The stock closed yesterday down $5.93 to $36.01. Giacobbe keeps a Buy rating on the name.

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Calyxt

$9.88

0.4 (4.22%)

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SWK

Stanley Black & Decker

$118.36

0.46 (0.39%)

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$66.24

-1.04 (-1.55%)

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$131.72

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EQT

EQT Corporation

$19.40

-0.78 (-3.87%)

18:54
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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

, EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

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$30.24

0.33 (1.10%)

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ELGX

Endologix

$0.71

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PRPO

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MLNT

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ANTM

Anthem

$275.59

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CI

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UNH

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WCG

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$236.90

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MOH

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$131.72

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$0.00

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JELD

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$14.27

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ATRA

Atara Biotherapeutics

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-0.74 (-1.74%)

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BGNE

BeiGene

$133.95

2.595 (1.98%)

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