U.S. Physical Therapy, Inc. (NYSE:USPH) Shares Acquired by Quest Partners LLC

Quest Partners LLC grew its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 2,368.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,614 shares of the company’s stock after buying an additional 8,265 shares during the period. Quest Partners LLC owned about 0.06% of U.S. Physical Therapy worth $729,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of U.S. Physical Therapy during the 2nd quarter valued at approximately $28,000. Innealta Capital LLC bought a new stake in U.S. Physical Therapy during the second quarter valued at $30,000. Quarry LP raised its holdings in shares of U.S. Physical Therapy by 1,291.9% during the second quarter. Quarry LP now owns 515 shares of the company’s stock worth $48,000 after purchasing an additional 478 shares during the period. Ridgewood Investments LLC bought a new position in shares of U.S. Physical Therapy in the 2nd quarter worth about $51,000. Finally, KBC Group NV boosted its holdings in shares of U.S. Physical Therapy by 68.6% in the 3rd quarter. KBC Group NV now owns 774 shares of the company’s stock valued at $66,000 after buying an additional 315 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com raised shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. Bank of America restated a “neutral” rating and issued a $90.00 price target (down previously from $114.00) on shares of U.S. Physical Therapy in a research note on Monday, October 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $108.00 price objective on shares of U.S. Physical Therapy in a research report on Thursday.

Insider Buying and Selling

In other news, Director Bernard A. Harris, Jr. sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $92.95, for a total transaction of $185,900.00. Following the completion of the sale, the director now directly owns 16,726 shares of the company’s stock, valued at $1,554,681.70. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nancy Ham sold 1,172 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $96.72, for a total value of $113,355.84. Following the sale, the director now directly owns 1,112 shares of the company’s stock, valued at approximately $107,552.64. This represents a 51.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,896 shares of company stock valued at $656,940 over the last three months. Company insiders own 1.70% of the company’s stock.

U.S. Physical Therapy Price Performance

Shares of NYSE:USPH opened at $96.50 on Friday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 102.65, a PEG ratio of 4.10 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.78 and a quick ratio of 1.78. U.S. Physical Therapy, Inc. has a 12 month low of $76.18 and a 12 month high of $113.63. The stock’s 50 day moving average price is $84.95 and its 200 day moving average price is $90.89.

U.S. Physical Therapy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 15th. U.S. Physical Therapy’s payout ratio is currently 187.23%.

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.