Atria Investments Inc Sells 3,129 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Atria Investments Inc lessened its position in U.S. Physical Therapy, Inc. (NYSE:USPH) by 33.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,269 shares of the company’s stock after selling 3,129 shares during the period. Atria Investments Inc’s holdings in U.S. Physical Therapy were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of USPH. Silvercrest Asset Management Group LLC bought a new position in U.S. Physical Therapy in the 1st quarter worth $8,158,000. Renaissance Technologies LLC increased its holdings in shares of U.S. Physical Therapy by 763.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,523 shares of the company’s stock worth $6,425,000 after purchasing an additional 61,474 shares during the period. Penn Davis Mcfarland Inc. bought a new position in shares of U.S. Physical Therapy during the 3rd quarter worth about $2,552,000. Dimensional Fund Advisors LP increased its holdings in shares of U.S. Physical Therapy by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 423,846 shares of the company’s stock worth $39,173,000 after purchasing an additional 10,462 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of U.S. Physical Therapy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,072,602 shares of the company’s stock worth $121,065,000 after purchasing an additional 10,175 shares during the period.

Insider Buying and Selling at U.S. Physical Therapy

In other news, Director Bernard A. Harris, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $92.95, for a total transaction of $185,900.00. Following the transaction, the director now directly owns 16,726 shares in the company, valued at approximately $1,554,681.70. This represents a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nancy Ham sold 1,172 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $96.72, for a total transaction of $113,355.84. Following the transaction, the director now owns 1,112 shares in the company, valued at $107,552.64. The trade was a 51.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,896 shares of company stock worth $656,940 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

USPH has been the topic of several research reports. Barrington Research restated an “outperform” rating and set a $108.00 price objective on shares of U.S. Physical Therapy in a report on Thursday, November 7th. Bank of America restated a “neutral” rating and set a $90.00 price objective (down previously from $114.00) on shares of U.S. Physical Therapy in a report on Monday, October 7th. Finally, StockNews.com raised shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

U.S. Physical Therapy Stock Performance

NYSE USPH opened at $90.63 on Wednesday. The stock has a market cap of $1.37 billion, a P/E ratio of 96.41, a PEG ratio of 4.07 and a beta of 1.38. The company’s 50-day simple moving average is $84.46 and its 200 day simple moving average is $90.82. U.S. Physical Therapy, Inc. has a twelve month low of $76.18 and a twelve month high of $113.63. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.

U.S. Physical Therapy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.44 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.76 dividend on an annualized basis and a yield of 1.94%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 187.23%.

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.