Adam Feinstein Barclays Capital The buy side says: “He makes a case with conviction.”
Barclays Capital’s Adam Feinstein, who captures the crown for a seventh year running, “studies the sector and the companies from every angle, and backs up his recommendations with plenty of data and well-reasoned arguments,” proclaims one portfolio manager. The 39-year-old analyst reiterated his overweight rating on Universal Health Services in September 2010, at $33.13, making the case that the King of Prussia, Pennsylvania–based operator of behavioral health centers would streamline costs and bolster its bottom line through its acquisition of Psychiatric Solutions of Franklin, Tennessee. (The deal closed in November.) In July the company reported that year-over-year net revenue had advanced 41.6 percent in the first six months of 2011, to $3.8 billion, and said the increase “was due primarily to the revenues generated” at the facilities it acquired from Psychiatric Solutions. By the end of August, Universal Health’s shares had shot up 25.6 percent, to $41.60, outperforming the broad market by 14 percentage points.