Public Sector Pension Investment Board Acquires 10,282 Shares of U.S. Physical Therapy, Inc. $USPH

Key Points

• The Public Sector Pension Investment Board increased its stake in U.S. Physical Therapy by 27.3%, owning a total of 47,887 shares worth approximately $3.47 million after additionally purchasing 10,282 shares.
• Several hedge funds modified their positions in U.S. Physical Therapy, with Mitsubishi UFJ Asset Management increasing its stake by 952.4% in the first quarter.
• U.S. Physical Therapy reported earnings of $0.81 per share for the last quarter, surpassing analyst forecasts, and announced a $0.45 quarterly dividend with a yield of 2.1%.

Public Sector Pension Investment Board raised its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,887 shares of the company's stock after purchasing an additional 10,282 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of U.S. Physical Therapy worth $3,465,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in USPH. Raymond James Financial Inc. acquired a new stake in U.S. Physical Therapy during the 4th quarter valued at $6,240,000. Barclays PLC raised its stake in U.S. Physical Therapy by 3.1% during the 4th quarter. Barclays PLC now owns 27,532 shares of the company's stock valued at $2,442,000 after purchasing an additional 823 shares during the period. Marshall Wace LLP raised its stake in U.S. Physical Therapy by 3.7% during the 4th quarter. Marshall Wace LLP now owns 44,534 shares of the company's stock valued at $3,951,000 after purchasing an additional 1,591 shares during the period. Canada Pension Plan Investment Board raised its stake in U.S. Physical Therapy by 3,666.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,300 shares of the company's stock valued at $1,002,000 after purchasing an additional 11,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in U.S. Physical Therapy by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 426,298 shares of the company's stock valued at $37,818,000 after purchasing an additional 7,890 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barrington Research boosted their target price on shares of U.S. Physical Therapy from $98.00 to $103.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Zacks Research raised shares of U.S. Physical Therapy to a "hold" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, U.S. Physical Therapy presently has an average rating of "Moderate Buy" and a consensus target price of $110.25.

U.S. Physical Therapy Price Performance

Shares of NYSE USPH traded up $3.0470 during mid-day trading on Friday, hitting $87.5170. 138,967 shares of the stock were exchanged, compared to its average volume of 194,769. The company has a market cap of $1.33 billion, a P/E ratio of 38.22, a PEG ratio of 4.47 and a beta of 1.45. The stock's fifty day simple moving average is $78.26 and its two-hundred day simple moving average is $76.75. 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, Inc. has a twelve month low of $62.77 and a twelve month high of $101.19.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $197.34 million during the quarter, compared to analyst estimates of $190.24 million. During the same quarter last year, the business posted $0.73 earnings per share. U.S. Physical Therapy's revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, analysts forecast that U.S. Physical Therapy, Inc. will post 2.67 EPS for the current fiscal year.

U.S. Physical Therapy Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 22nd. U.S. Physical Therapy's payout ratio is presently 78.60%.

Insider Buying and Selling 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 value of $31,204.00. Following the sale, the director directly owned 2,594 shares in the company, valued at approximately $202,357.94. The trade was a 13.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Graham D. Reeve sold 763 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $84.97, for a total transaction of $64,832.11. Following the transaction, the chief operating officer owned 21,483 shares in the company, valued at $1,825,410.51. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,955 shares of company stock worth $251,170 over the last quarter. Company insiders own 2.00% of the company's stock.

U.S. Physical Therapy 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.