U.S. Physical Therapy, Inc. (NYSE:USPH) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,381 shares of the company's stock after purchasing an additional 3,710 shares during the quarter. Teacher Retirement System of Texas owned about 0.38% of U.S. Physical Therapy worth $4,152,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of USPH. Mutual of America Capital Management LLC purchased a new stake in shares of U.S. Physical Therapy in the fourth quarter valued at about $203,000. US Bancorp DE grew its holdings in shares of U.S. Physical Therapy by 4.4% in the fourth quarter. US Bancorp DE now owns 9,541 shares of the company's stock valued at $846,000 after purchasing an additional 399 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of U.S. Physical Therapy in the fourth quarter valued at about $3,526,000. Raymond James Financial Inc. purchased a new position in U.S. Physical Therapy during the fourth quarter worth about $6,240,000. Finally, PNC Financial Services Group Inc. boosted its stake in U.S. Physical Therapy by 37.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,605 shares of the company's stock worth $409,000 after buying an additional 1,254 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of U.S. Physical Therapy from $120.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 19th. Wall Street Zen raised U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barrington Research restated an "outperform" rating and set a $98.00 price target on shares of U.S. Physical Therapy in a research report on Tuesday, July 1st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $113.00 price objective on shares of U.S. Physical Therapy in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, U.S. Physical Therapy presently has an average rating of "Moderate Buy" and an average target price of $109.00.

Insider Activity at U.S. Physical Therapy

In related news, Director Nancy Ham sold 400 shares of the firm's stock in a transaction that occurred 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 owned 2,594 shares of the company's stock, valued at $202,357.94. This trade represents a 13.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

U.S. Physical Therapy Stock Down 2.4%

Shares of NYSE USPH traded down $1.81 during midday trading on Friday, hitting $74.46. The company's stock had a trading volume of 154,717 shares, compared to its average volume of 123,851. The business's fifty day simple moving average is $76.58 and its two-hundred day simple moving average is $79.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. U.S. Physical Therapy, Inc. has a 1 year low of $62.77 and a 1 year high of $101.20. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 3.71 and a beta of 1.44.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. U.S. Physical Therapy had a net margin of 4.57% and a return on equity of 7.89%. The business had revenue of $183.79 million during the quarter, compared to analyst estimates of $176.78 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities analysts predict that U.S. Physical Therapy, Inc. will post 2.67 EPS for the current year.

U.S. Physical Therapy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, May 23rd. U.S. Physical Therapy's payout ratio is 82.57%.

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.