U.S. Physical Therapy, Inc. $USPH Position Reduced by CenterBook Partners LP

Key Points

• CenterBook Partners cut its U.S. Physical Therapy stake by 78.9% in the third quarter, selling 76,422 shares and retaining 20,473 shares valued at about $1.76 million.
• U.S. Physical Therapy reported quarterly earnings of $0.80 per share and revenue of $222.56 million, beating analyst estimates; revenue rose 12.9% year over year.
• Management reaffirmed full-year EBITDA guidance of $102 million to $106 million, and Barrington Research raised its price target to $110 while maintaining an outperform rating.

CenterBook Partners LP trimmed its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 78.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,473 shares of the company's stock after selling 76,422 shares during the quarter. CenterBook Partners LP owned 0.14% of U.S. Physical Therapy worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in shares of U.S. Physical Therapy during the 2nd quarter worth approximately $2,339,000. Bank of New York Mellon Corp acquired a new stake in U.S. Physical Therapy in the 2nd quarter valued at $9,087,000. Renaissance Technologies LLC grew its position in U.S. Physical Therapy by 23.4% in the first quarter. Renaissance Technologies LLC now owns 76,956 shares of the company's stock valued at $5,769,000 after acquiring an additional 14,582 shares during the period. BlackRock Inc. bought a new stake in U.S. Physical Therapy in the second quarter valued at $155,505,000. Finally, Royal Bank of Canada grew its position in U.S. Physical Therapy by 22.0% in the first quarter. Royal Bank of Canada now owns 133,777 shares of the company's stock valued at $10,029,000 after acquiring an additional 24,081 shares during the period.

Trending Headlines about U.S. Physical Therapy

Here are the key news stories impacting U.S. Physical Therapy this week:

• Positive Sentiment: USPH reported third-quarter earnings of $0.80 per share, ahead of the $0.76 consensus estimate, while revenue of $222.56 million topped expectations of $214.48 million and increased 12.9% year over year. U.S. Physical Therapy Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management reaffirmed full-year EBITDA guidance of $102 million to $106 million. Hospital revenue grew to more than 13%, offering another sign of business momentum. USPH Reaffirms EBITDA Guidance as Hospital Revenue Rises
• Positive Sentiment: Barrington Research raised its price target from $98 to $110 and maintained an “outperform” rating, signaling increased analyst confidence. Barrington Research Recommendations
• Positive Sentiment: The board declared a quarterly dividend of $0.46 per share, payable December 11 to shareholders of record November 16. The annualized dividend is $1.84, equivalent to a 2.1% yield at the cited share price. US Physical Therapy Declares New Quarterly Dividend

U.S. Physical Therapy Trading Up 0.5%

USPH stock opened at $100.02 on Monday. The business has a fifty day moving average price of $84.20 and a 200 day moving average price of $77.04. U.S. Physical Therapy, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $101.18. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -74.09, a P/E/G ratio of 2.74 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.42 and a quick ratio of 1.42.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The company had revenue of $222.56 million for the quarter, compared to analyst estimates of $214.48 million. U.S. Physical Therapy had a return on equity of 10.19% and a net margin of 3.60%. The business's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Analysts expect that U.S. Physical Therapy, Inc. will post 2.87 EPS for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Monday, November 16th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 16th. This represents a $1.84 annualized dividend and a yield of 1.8%. U.S. Physical Therapy's dividend payout ratio is -136.30%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on U.S. Physical Therapy from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, September 11th. Weiss Ratings restated a "hold (c-)" rating on shares of U.S. Physical Therapy in a research note on Wednesday, August 26th. Citigroup reaffirmed a "market outperform" rating on shares of U.S. Physical Therapy in a report on Wednesday, August 19th. Finally, Barrington Research increased their target price on shares of U.S. Physical Therapy from $98.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. One 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $101.25.

U.S. Physical Therapy Profile

U.S. Physical Therapy, Inc NYSE: USPH operates outpatient physical therapy clinics throughout the United States. The company provides treatment and rehabilitation services for patients recovering from injuries, surgeries, illnesses and other conditions that affect movement, strength and physical function.

In addition to company-operated clinics, U.S. Physical Therapy develops and manages physical therapy practices in partnership with local physical therapists. Its services generally include orthopedic and sports rehabilitation, post-operative therapy, treatment for musculoskeletal conditions and other forms of outpatient rehabilitation.

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