U.S. Physical Therapy’s (USPH) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of U.S. Physical Therapy (NYSE:USPH) in a research report released on Thursday morning,Benzinga reports. Barrington Research currently has a $108.00 price objective on the stock.

A number of other research firms also recently commented on USPH. Bank of America reissued a “neutral” rating and issued a $90.00 price objective (down previously from $114.00) on shares of U.S. Physical Therapy in a research note on Monday, October 7th. StockNews.com upgraded shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st.

U.S. Physical Therapy Price Performance

NYSE USPH opened at $97.83 on Thursday. The company has a 50-day moving average price of $85.22 and a two-hundred day moving average price of $90.63. U.S. Physical Therapy has a 52 week low of $76.18 and a 52 week high of $113.63. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 104.07, a price-to-earnings-growth ratio of 4.42 and a beta of 1.38. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.27.

U.S. Physical Therapy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, November 15th. U.S. Physical Therapy’s dividend payout ratio is 187.23%.

Insider Activity

In related news, Director Nancy Ham sold 1,172 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 1,112 shares in the company, valued at $107,552.64. This represents a 51.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen A. Gilmartin acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost 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. This trade represents a 11.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 6,896 shares of company stock worth $656,940. Company insiders own 1.70% of the company’s stock.

Institutional Trading of U.S. Physical Therapy

Large investors have recently made changes to their positions in the company. State Street Corp increased its stake in U.S. Physical Therapy by 17.5% during the 3rd quarter. State Street Corp now owns 667,868 shares of the company’s stock worth $56,522,000 after purchasing an additional 99,244 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of U.S. Physical Therapy during the first quarter worth $8,158,000. Renaissance Technologies LLC boosted its stake in U.S. Physical Therapy by 763.7% in the 2nd quarter. Renaissance Technologies LLC now owns 69,523 shares of the company’s stock worth $6,425,000 after purchasing an additional 61,474 shares during the period. Southernsun Asset Management LLC increased its holdings in U.S. Physical Therapy by 10.5% during the 3rd quarter. Southernsun Asset Management LLC now owns 547,111 shares of the company’s stock worth $46,302,000 after purchasing an additional 52,062 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. acquired a new position in shares of U.S. Physical Therapy during the third quarter worth about $2,552,000.

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.