Global Alpha Capital Management Ltd. lessened its holdings in U.S. Physical Therapy, Inc. (NYSE:USPH) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,352 shares of the company’s stock after selling 5,500 shares during the quarter. U.S. Physical Therapy makes up about 1.5% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 29th largest position. Global Alpha Capital Management Ltd. owned 0.43% of U.S. Physical Therapy worth $6,446,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in U.S. Physical Therapy in the second quarter valued at $106,000. Harvest Fund Management Co. Ltd purchased a new position in U.S. Physical Therapy in the third quarter valued at $190,000. Ibex Investors LLC purchased a new position in U.S. Physical Therapy in the third quarter valued at $207,000. Cambridge Investment Research Advisors Inc. purchased a new position in U.S. Physical Therapy in the second quarter valued at $219,000. Finally, Itau Unibanco Holding S.A. purchased a new position in U.S. Physical Therapy in the second quarter valued at $235,000. 99.58% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Mark J. Brookner sold 2,500 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $116.00, for a total transaction of $290,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lawrance W. Mcafee sold 3,100 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $113.29, for a total transaction of $351,199.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,725 shares of company stock worth $1,008,262. Corporate insiders own 2.50% of the company’s stock.
USPH has been the topic of several research reports. TheStreet lowered U.S. Physical Therapy from a “b” rating to a “c+” rating in a report on Friday, November 2nd. Cantor Fitzgerald raised their price objective on U.S. Physical Therapy from $103.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $113.67.
Shares of USPH stock opened at $109.19 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 3.79 and a beta of 1.21. U.S. Physical Therapy, Inc. has a 1 year low of $70.05 and a 1 year high of $129.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.93 and a current ratio of 1.93.
U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. The company had revenue of $113.10 million for the quarter, compared to analyst estimates of $112.79 million. U.S. Physical Therapy had a return on equity of 17.64% and a net margin of 5.58%. The business’s revenue was up 9.8% on a year-over-year basis. Analysts predict that U.S. Physical Therapy, Inc. will post 2.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, November 8th. U.S. Physical Therapy’s payout ratio is 44.23%.
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U.S. Physical Therapy Profile
U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.
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