EULAV Asset Management Lowers Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

EULAV Asset Management lowered its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 42.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,700 shares of the company’s stock after selling 31,900 shares during the period. EULAV Asset Management’s holdings in U.S. Physical Therapy were worth $3,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in USPH. Canada Pension Plan Investment Board acquired a new stake in shares of U.S. Physical Therapy during the 2nd quarter worth $28,000. Innealta Capital LLC purchased a new position in shares of U.S. Physical Therapy in the 2nd quarter worth about $30,000. Quest Partners LLC lifted its stake 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 valued at $32,000 after purchasing an additional 337 shares in the last quarter. Quarry LP grew its holdings in shares of U.S. Physical Therapy by 1,291.9% during the 2nd quarter. Quarry LP now owns 515 shares of the company’s stock worth $48,000 after purchasing an additional 478 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in shares of U.S. Physical Therapy during the 2nd quarter worth about $51,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $108.00 price target on shares of U.S. Physical Therapy in a research report on Thursday, November 7th. 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. Finally, Bank of America reaffirmed a “neutral” rating and set a $90.00 price target (down from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th.

U.S. Physical Therapy Stock Up 0.8 %

NYSE USPH opened at $90.63 on Wednesday. The stock has a market cap of $1.37 billion, a PE ratio of 96.41, a P/E/G ratio of 4.07 and a beta of 1.38. The business has a 50 day moving average price of $84.46 and a two-hundred day moving average price of $90.82. U.S. Physical Therapy, Inc. has a fifty-two week low of $76.18 and a fifty-two week high of $113.63. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.

U.S. Physical Therapy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.76 dividend on an annualized basis and a yield of 1.94%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 187.23%.

Insiders Place Their Bets

In related news, Director Kathleen A. Gilmartin bought 2,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $86.09 per share, with a total value of $172,180.00. Following the transaction, the director now owns 18,904 shares of the company’s stock, valued at approximately $1,627,445.36. This trade represents a 11.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Graham D. Reeve sold 1,724 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $96.29, for a total transaction of $166,003.96. Following the completion of the sale, the chief operating officer now owns 7,106 shares in the company, valued at approximately $684,236.74. This trade represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,896 shares of company stock worth $656,940 in the last three months. 1.70% of the stock is owned by insiders.

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.