Teacher Retirement System of Texas Has $4.15 Million Stock Holdings in U.S. Physical Therapy, Inc. (NYSE:USPH)

Teacher Retirement System of Texas raised its position in shares of 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 (SEC). The firm owned 57,381 shares of the company's stock after acquiring an additional 3,710 shares during the period. Teacher Retirement System of Texas owned approximately 0.38% of U.S. Physical Therapy worth $4,152,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of USPH. Point72 Asset Management L.P. acquired a new stake in shares of U.S. Physical Therapy during the fourth quarter worth approximately $18,886,000. Raymond James Financial Inc. bought a new position in U.S. Physical Therapy in the fourth quarter valued at approximately $6,240,000. Nuveen Asset Management LLC boosted its position in shares of U.S. Physical Therapy by 95.9% during the fourth quarter. Nuveen Asset Management LLC now owns 120,893 shares of the company's stock worth $10,724,000 after purchasing an additional 59,190 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in U.S. Physical Therapy by 20.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 299,791 shares of the company's stock valued at $26,594,000 after acquiring an additional 50,163 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in U.S. Physical Therapy in the 4th quarter valued at $3,526,000.

Insider Buying and Selling

In related news, Director Nancy Ham sold 400 shares of the 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 completion of the transaction, the director owned 2,594 shares of the company's stock, valued at $202,357.94. This represents a 13.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barrington Research reissued an "outperform" rating and issued a $98.00 price target on shares of U.S. Physical Therapy in a report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their price target on shares of U.S. Physical Therapy from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Finally, JMP Securities reissued a "market outperform" rating and issued a $113.00 price target on shares of U.S. Physical Therapy in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.00.

U.S. Physical Therapy Stock Performance

Shares of NYSE:USPH traded down $0.34 on Wednesday, reaching $76.41. 1,770 shares of the company's stock were exchanged, compared to its average volume of 122,227. The company has a fifty day moving average of $76.38 and a 200-day moving average of $79.31. U.S. Physical Therapy, Inc. has a twelve month low of $62.77 and a twelve month high of $101.20. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.85 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

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

U.S. Physical Therapy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.36%. 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.