Maryland State Retirement & Pension System Sells 193 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Maryland State Retirement & Pension System cut its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,254 shares of the company’s stock after selling 193 shares during the period. Maryland State Retirement & Pension System’s holdings in U.S. Physical Therapy were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of U.S. Physical Therapy in the 2nd quarter worth approximately $30,000. Northwest Bank & Trust Co bought a new position in U.S. Physical Therapy in the fourth quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. lifted its holdings in U.S. Physical Therapy by 268.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 549 shares of the company’s stock worth $61,000 after buying an additional 400 shares during the period. Ridgewood Investments LLC bought a new stake in U.S. Physical Therapy during the second quarter valued at about $51,000. Finally, Advisors Asset Management Inc. boosted its position in U.S. Physical Therapy by 78.4% during the first quarter. Advisors Asset Management Inc. now owns 1,056 shares of the company’s stock valued at $119,000 after purchasing an additional 464 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com raised shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Barrington Research decreased their target price on shares of U.S. Physical Therapy from $122.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Physical Therapy currently has a consensus rating of “Moderate Buy” and an average price target of $112.50.

Insider Buying and Selling

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

U.S. Physical Therapy Trading Up 0.5 %

Shares of NYSE:USPH opened at $86.05 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $1.30 billion, a P/E ratio of 69.96, a P/E/G ratio of 4.14 and a beta of 1.38. The business’s 50-day moving average is $90.72 and its 200 day moving average is $98.68. U.S. Physical Therapy, Inc. has a 1 year low of $78.08 and a 1 year high of $113.63.

U.S. Physical Therapy (NYSE:USPH) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The company had revenue of $167.19 million during the quarter, compared to analysts’ expectations of $163.34 million. U.S. Physical Therapy had a return on equity of 8.18% and a net margin of 4.06%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. On average, research analysts predict that U.S. Physical Therapy, Inc. will post 2.55 earnings per share for the current fiscal year.

U.S. Physical Therapy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.05%. U.S. Physical Therapy’s dividend payout ratio is currently 143.09%.

About U.S. Physical Therapy

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.