State of New Jersey Common Pension Fund D Sells 8,949 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

State of New Jersey Common Pension Fund D lessened its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 32.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,692 shares of the company’s stock after selling 8,949 shares during the period. State of New Jersey Common Pension Fund D’s holdings in U.S. Physical Therapy were worth $1,728,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of USPH. Innealta Capital LLC purchased a new position in U.S. Physical Therapy during the 2nd quarter worth $30,000. Quest Partners LLC lifted its holdings in shares of U.S. Physical Therapy by 2,808.3% in the 2nd quarter. Quest Partners LLC now owns 349 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the period. Northwest Bank & Trust Co bought a new position in shares of U.S. Physical Therapy during the 4th quarter worth $37,000. Ridgewood Investments LLC purchased a new position in shares of U.S. Physical Therapy during the second quarter valued at $51,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of U.S. Physical Therapy by 268.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 549 shares of the company’s stock valued at $61,000 after buying an additional 400 shares during the period.

Insider Buying and Selling

In other U.S. Physical Therapy news, Director Kathleen A. Gilmartin acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $86.09 per share, for a total transaction of $172,180.00. Following the acquisition, the director now owns 18,904 shares in the company, valued at approximately $1,627,445.36. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Graham D. Reeve sold 1,724 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $82.50, for a total value of $142,230.00. Following the transaction, the chief operating officer now directly owns 7,038 shares of the company’s stock, valued at $580,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen A. Gilmartin acquired 2,000 shares of U.S. Physical Therapy stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $86.09 per share, with a total value of $172,180.00. Following the completion of the purchase, the director now owns 18,904 shares of the company’s stock, valued at $1,627,445.36. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.

U.S. Physical Therapy Stock Up 1.0 %

Shares of NYSE USPH opened at $83.86 on Wednesday. U.S. Physical Therapy, Inc. has a 12-month low of $78.08 and a 12-month high of $113.63. The stock’s fifty day simple moving average is $88.07 and its two-hundred day simple moving average is $96.67. The stock has a market capitalization of $1.26 billion, a PE ratio of 68.18, a price-to-earnings-growth ratio of 4.11 and a beta of 1.39. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.28.

U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The company had revenue of $167.19 million for the quarter, compared to the consensus estimate of $163.34 million. U.S. Physical Therapy had a net margin of 4.06% and a return on equity of 8.18%. U.S. Physical Therapy’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. As a group, analysts expect that U.S. Physical Therapy, Inc. will post 2.51 EPS for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, August 23rd. U.S. Physical Therapy’s payout ratio is currently 143.09%.

Wall Street Analysts Forecast Growth

USPH has been the subject of a number of research reports. StockNews.com raised shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Barrington Research reaffirmed an “outperform” rating and issued a $108.00 price target on shares of U.S. Physical Therapy in a research report on Friday, September 20th.

About U.S. Physical Therapy

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.