Smith Asset Management Group LP Has $329,000 Position in U.S. Physical Therapy, Inc. (USPH)

Smith Asset Management Group LP lowered its holdings in U.S. Physical Therapy, Inc. (NYSE:USPH) by 20.8% during the third quarter, HoldingsChannel.com reports. The fund owned 2,773 shares of the company’s stock after selling 730 shares during the period. Smith Asset Management Group LP’s holdings in U.S. Physical Therapy were worth $329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in U.S. Physical Therapy in the second quarter valued at about $106,000. Harvest Fund Management Co. Ltd bought a new stake in U.S. Physical Therapy in the third quarter valued at about $190,000. Cambridge Investment Research Advisors Inc. bought a new stake in U.S. Physical Therapy in the second quarter valued at about $219,000. Itau Unibanco Holding S.A. bought a new stake in U.S. Physical Therapy in the second quarter valued at about $235,000. Finally, PNC Financial Services Group Inc. increased its stake in U.S. Physical Therapy by 62.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the company’s stock valued at $256,000 after acquiring an additional 1,031 shares during the period. 97.64% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Christopher J. Reading sold 8,768 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $115.57, for a total transaction of $1,013,317.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark J. Brookner sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $113.75, for a total transaction of $227,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,618 shares of company stock worth $2,617,792. Company insiders own 2.50% of the company’s stock.

USPH has been the topic of a number of analyst reports. Zacks Investment Research raised shares of U.S. Physical Therapy from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research note on Tuesday, August 7th. Cantor Fitzgerald boosted their price target on shares of U.S. Physical Therapy from $103.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. TheStreet lowered shares of U.S. Physical Therapy from a “b” rating to a “c+” rating in a research report on Friday, November 2nd. Barrington Research restated a “hold” rating on shares of U.S. Physical Therapy in a research report on Friday, August 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $105.00 price target on shares of U.S. Physical Therapy in a research report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $113.67.

NYSE:USPH opened at $116.46 on Thursday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 55.99, a PEG ratio of 3.98 and a beta of 1.19. U.S. Physical Therapy, Inc. has a 12 month low of $65.65 and a 12 month high of $129.65. The company has a current ratio of 1.93, a quick ratio of 2.06 and a debt-to-equity ratio of 0.26.

U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.06. The firm had revenue of $113.10 million for the quarter, compared to analyst estimates of $112.79 million. U.S. Physical Therapy had a net margin of 5.58% and a return on equity of 17.64%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts predict that U.S. Physical Therapy, Inc. will post 2.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a $0.23 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.92 dividend on an annualized basis and a yield of 0.79%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 44.23%.

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About U.S. Physical Therapy

U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.

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Institutional Ownership by Quarter for U.S. Physical Therapy (NYSE:USPH)

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