Public Sector Pension Investment Board Raises Stake in U.S. Physical Therapy, Inc. (NYSE:USPH)

Public Sector Pension Investment Board lifted its position in U.S. Physical Therapy, Inc. (NYSE:USPH) by 7.8% in the second quarter, HoldingsChannel.com reports. The firm owned 33,134 shares of the company’s stock after purchasing an additional 2,409 shares during the quarter. Public Sector Pension Investment Board’s holdings in U.S. Physical Therapy were worth $3,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in U.S. Physical Therapy in the 2nd quarter worth $28,000. Innealta Capital LLC purchased a new position in shares of U.S. Physical Therapy in the second quarter valued at about $30,000. Quest Partners LLC boosted its stake in shares of U.S. Physical Therapy by 2,808.3% in the second quarter. Quest Partners LLC now owns 349 shares of the company’s stock worth $32,000 after acquiring an additional 337 shares during the period. Northwest Bank & Trust Co purchased a new stake in shares of U.S. Physical Therapy during the fourth quarter worth about $37,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of U.S. Physical Therapy during the second quarter worth about $51,000.

U.S. Physical Therapy Price Performance

NYSE:USPH opened at $84.38 on Friday. The business’s 50-day moving average is $87.39 and its 200 day moving average is $96.28. U.S. Physical Therapy, Inc. has a 12 month low of $78.08 and a 12 month high of $113.63. The company has a market capitalization of $1.27 billion, a P/E ratio of 68.60, a P/E/G ratio of 4.11 and a beta of 1.39. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.28.

U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). U.S. Physical Therapy had a return on equity of 8.18% and a net margin of 4.06%. The firm had revenue of $167.19 million for the quarter, compared to analysts’ expectations of $163.34 million. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that U.S. Physical Therapy, Inc. will post 2.51 earnings per share for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.09%. U.S. Physical Therapy’s payout ratio is currently 143.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on USPH shares. StockNews.com raised U.S. Physical Therapy from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. Barrington Research reissued an “outperform” rating and issued a $108.00 target price on shares of U.S. Physical Therapy in a report on Friday, September 20th.

Insider Transactions at U.S. Physical Therapy

In other U.S. Physical Therapy news, Director Kathleen A. Gilmartin purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $86.09 per share, with a total value of $172,180.00. Following the acquisition, the director now owns 18,904 shares in the company, valued at $1,627,445.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other U.S. Physical Therapy news, COO Graham D. Reeve sold 1,724 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $82.50, for a total transaction of $142,230.00. Following the transaction, the chief operating officer now owns 7,038 shares in the company, valued at $580,635. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen A. Gilmartin bought 2,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $86.09 per share, with a total value of $172,180.00. Following the acquisition, the director now directly owns 18,904 shares in the company, valued at approximately $1,627,445.36. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.