Norden Group LLC Increases Stock Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

Norden Group LLC raised its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 1,841.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,938 shares of the company’s stock after buying an additional 60,645 shares during the period. Norden Group LLC owned about 0.42% of U.S. Physical Therapy worth $7,217,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of U.S. Physical Therapy by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,036,203 shares of the company’s stock worth $95,051,000 after purchasing an additional 17,156 shares during the period. Southernsun Asset Management LLC lifted its position in shares of U.S. Physical Therapy by 5.9% in the 4th quarter. Southernsun Asset Management LLC now owns 479,214 shares of the company’s stock worth $44,634,000 after purchasing an additional 26,758 shares during the period. Semanteon Capital Management LP purchased a new stake in shares of U.S. Physical Therapy in the 4th quarter worth about $767,000. RK Capital Management LLC purchased a new stake in shares of U.S. Physical Therapy in the 4th quarter worth about $6,166,000. Finally, Schroder Investment Management Group lifted its position in shares of U.S. Physical Therapy by 12.1% in the 3rd quarter. Schroder Investment Management Group now owns 384,936 shares of the company’s stock worth $35,310,000 after purchasing an additional 41,414 shares during the period.

U.S. Physical Therapy Stock Up 1.5 %

NYSE:USPH opened at $93.00 on Friday. The firm has a market cap of $1.40 billion, a P/E ratio of 75.61, a P/E/G ratio of 3.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.16 and a current ratio of 2.16. U.S. Physical Therapy, Inc. has a fifty-two week low of $78.08 and a fifty-two week high of $124.11. The firm has a 50-day simple moving average of $99.52 and a two-hundred day simple moving average of $99.80.

U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). U.S. Physical Therapy had a net margin of 4.72% and a return on equity of 8.03%. The firm had revenue of $155.70 million for the quarter, compared to the consensus estimate of $153.30 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that U.S. Physical Therapy, Inc. will post 2.84 earnings per share for the current fiscal year.

U.S. Physical Therapy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.89%. U.S. Physical Therapy’s dividend payout ratio is presently 143.09%.

Analysts Set New Price Targets

Several research firms have recently commented on USPH. Barrington Research reaffirmed an “outperform” rating and issued a $122.00 target price on shares of U.S. Physical Therapy in a research report on Thursday, May 9th. JPMorgan Chase & Co. increased their price target on shares of U.S. Physical Therapy from $99.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.50.

Insider Transactions at U.S. Physical Therapy

In other news, CEO Christopher J. Reading sold 1,100 shares of U.S. Physical Therapy stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.13, for a total value of $112,343.00. Following the completion of the sale, the chief executive officer now directly owns 99,738 shares in the company, valued at $10,186,241.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher J. Reading sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $100.26, for a total value of $290,754.00. Following the transaction, the chief executive officer now owns 95,838 shares of the company’s stock, valued at $9,608,717.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher J. Reading sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.13, for a total transaction of $112,343.00. Following the completion of the transaction, the chief executive officer now directly owns 99,738 shares in the company, valued at approximately $10,186,241.94. The disclosure for this sale can be found here. Insiders sold 10,724 shares of company stock worth $1,114,385 over the last three months. 1.70% of the stock is currently owned by company insiders.

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.