Charles Schwab Investment Management Inc. Trims Position in U.S. Physical Therapy, Inc. $USPH

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in U.S. Physical Therapy, Inc. by 5.1%, selling 7,169 shares, leaving it with 134,498 shares valued at approximately $9.73 million.
• The company's shares opened at $87.52 and have experienced a 52-week range between $62.77 and $101.19, while showing revenue growth of 18.0% year-over-year.
• U.S. Physical Therapy recently announced a quarterly dividend of $0.45, which will be paid on September 12th, representing an annualized yield of 2.1% and a payout ratio of 78.60%.

Charles Schwab Investment Management Inc. cut its holdings in U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,498 shares of the company's stock after selling 7,169 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of U.S. Physical Therapy worth $9,732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of U.S. Physical Therapy in the fourth quarter worth $39,000. Fifth Third Bancorp raised its position in U.S. Physical Therapy by 34.6% in the 1st quarter. Fifth Third Bancorp now owns 1,030 shares of the company's stock worth $75,000 after buying an additional 265 shares during the last quarter. Lazard Asset Management LLC bought a new position in U.S. Physical Therapy during the 4th quarter valued at about $84,000. Aquatic Capital Management LLC boosted its holdings in shares of U.S. Physical Therapy by 18.0% during the 4th quarter. Aquatic Capital Management LLC now owns 1,298 shares of the company's stock valued at $115,000 after acquiring an additional 198 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of U.S. Physical Therapy by 35.0% in the first quarter. First Horizon Advisors Inc. now owns 1,929 shares of the company's stock worth $140,000 after acquiring an additional 500 shares during the period.

U.S. Physical Therapy Price Performance

Shares of NYSE USPH traded down $1.69 during midday trading on Thursday, reaching $82.92. The stock had a trading volume of 78,110 shares, compared to its average volume of 143,880. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 4.21 and a beta of 1.45. U.S. Physical Therapy, Inc. has a 12-month low of $62.77 and a 12-month high of $101.19. The stock has a 50-day moving average of $78.83 and a 200-day moving average of $76.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.18 and a current ratio of 1.18.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. U.S. Physical Therapy had a net margin of 5.05% and a return on equity of 8.78%. The company had revenue of $197.34 million during the quarter, compared to the consensus estimate of $190.24 million. During the same quarter in the prior year, the firm posted $0.73 EPS. U.S. Physical Therapy's quarterly revenue was up 18.0% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Physical Therapy, Inc. will post 2.67 EPS for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 22nd. U.S. Physical Therapy's dividend payout ratio (DPR) is presently 78.60%.

Insider Activity at U.S. Physical Therapy

In other U.S. Physical Therapy news, Director Nancy Ham sold 400 shares of U.S. Physical Therapy stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $78.01, for a total transaction of $31,204.00. Following the completion of the transaction, the director directly owned 2,594 shares of the company's stock, valued at $202,357.94. The trade was a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Carey P. Hendrickson sold 698 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $86.11, for a total transaction of $60,104.78. Following the completion of the sale, the chief financial officer directly owned 27,808 shares in the company, valued at $2,394,546.88. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,653 shares of company stock worth $311,274. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

USPH has been the topic of a number of research analyst reports. Zacks Research upgraded shares of U.S. Physical Therapy to a "hold" rating in a research report on Friday, August 8th. Barrington Research upped their price objective on U.S. Physical Therapy from $98.00 to $103.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised U.S. Physical Therapy from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $110.25.

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.