U.S. Physical Therapy, Inc. (NYSE:USPH) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,013,777 shares of the company's stock after selling 103,418 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 6.71% of U.S. Physical Therapy worth $89,932,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. CBIZ Investment Advisory Services LLC grew its position in shares of U.S. Physical Therapy by 59.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 326 shares of the company's stock valued at $29,000 after purchasing an additional 122 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of U.S. Physical Therapy by 3,200.0% in the fourth quarter. Venturi Wealth Management LLC now owns 726 shares of the company's stock valued at $64,000 after purchasing an additional 704 shares during the period. Pacer Advisors Inc. acquired a new stake in U.S. Physical Therapy during the fourth quarter worth about $113,000. Mutual of America Capital Management LLC purchased a new position in U.S. Physical Therapy during the fourth quarter worth about $203,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of U.S. Physical Therapy in the 4th quarter valued at approximately $257,000.

Analyst Ratings Changes

A number of research analysts recently commented on USPH shares. William Blair reiterated a "market perform" rating on shares of U.S. Physical Therapy in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on U.S. Physical Therapy from $120.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. JMP Securities reaffirmed a "market outperform" rating and set a $113.00 target price on shares of U.S. Physical Therapy in a research note on Tuesday. StockNews.com downgraded shares of U.S. Physical Therapy from a "hold" rating to a "sell" rating in a research note on Thursday, April 17th. Finally, Barrington Research cut their target price on U.S. Physical Therapy from $108.00 to $98.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $109.00.

U.S. Physical Therapy Stock Up 1.0 %

USPH stock traded up $0.67 during midday trading on Friday, hitting $70.35. The company's stock had a trading volume of 38,587 shares, compared to its average volume of 106,819. The firm has a 50-day simple moving average of $74.98 and a 200-day simple moving average of $84.42. The firm has a market capitalization of $1.07 billion, a P/E ratio of 74.78, a PEG ratio of 3.54 and a beta of 1.38. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.27. U.S. Physical Therapy, Inc. has a 52-week low of $62.77 and a 52-week high of $108.14.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04). The firm had revenue of $180.45 million during the quarter, compared to analyst estimates of $173.10 million. U.S. Physical Therapy had a net margin of 3.54% and a return on equity of 8.11%. As a group, equities analysts forecast that U.S. Physical Therapy, Inc. will post 2.67 EPS for the current year.

U.S. Physical Therapy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 14th were given a dividend of $0.45 per share. This is a boost from U.S. Physical Therapy's previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, March 14th. U.S. Physical Therapy's dividend payout ratio is currently 97.83%.

Insider Activity

In related news, COO Graham D. Reeve sold 1,730 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $82.11, for a total value of $142,050.30. Following the completion of the transaction, the chief operating officer now directly owns 7,168 shares of the company's stock, valued at $588,564.48. This represents a 19.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.