U.S. Physical Therapy, Inc. (NYSE:USPH) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC decreased its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,398 shares of the company’s stock after selling 1,350 shares during the period. U.S. Physical Therapy makes up 1.5% of Bridge City Capital LLC’s investment portfolio, making the stock its 15th largest holding. Bridge City Capital LLC owned 0.30% of U.S. Physical Therapy worth $4,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grace Capital grew its holdings in shares of U.S. Physical Therapy by 13.4% during the second quarter. Grace Capital now owns 2,740 shares of the company’s stock worth $317,000 after buying an additional 323 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in U.S. Physical Therapy in the second quarter valued at approximately $1,124,000. Cresset Asset Management LLC grew its holdings in U.S. Physical Therapy by 45.1% in the second quarter. Cresset Asset Management LLC now owns 3,061 shares of the company’s stock valued at $355,000 after purchasing an additional 952 shares during the period. abrdn plc grew its holdings in U.S. Physical Therapy by 2.3% in the second quarter. abrdn plc now owns 277,184 shares of the company’s stock valued at $32,172,000 after purchasing an additional 6,156 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in U.S. Physical Therapy by 2.9% in the second quarter. Principal Financial Group Inc. now owns 103,136 shares of the company’s stock valued at $11,951,000 after purchasing an additional 2,945 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

In other U.S. Physical Therapy news, Director Harry S. Chapman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $116.11, for a total transaction of $232,220.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Graham D. Reeve sold 1,559 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $114.15, for a total value of $177,959.85. The disclosure for this sale can be found here. Insiders have sold 9,761 shares of company stock valued at $1,137,674 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

USPH stock traded down $4.58 during trading on Tuesday, hitting $110.97. The company had a trading volume of 71,425 shares, compared to its average volume of 65,223. U.S. Physical Therapy, Inc. has a fifty-two week low of $74.79 and a fifty-two week high of $143.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 47.83 and a beta of 1.47. The business has a 50 day moving average of $113.75 and a 200 day moving average of $114.45.

U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings data on Thursday, August 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.22. The firm had revenue of $126.93 million for the quarter, compared to the consensus estimate of $125.10 million. U.S. Physical Therapy had a return on equity of 16.50% and a net margin of 7.08%. As a group, equities analysts predict that U.S. Physical Therapy, Inc. will post 3.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, August 20th were paid a dividend of $0.38 per share. This is a positive change from U.S. Physical Therapy’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 19th. U.S. Physical Therapy’s dividend payout ratio is currently 50.84%.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of U.S. Physical Therapy from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Saturday, August 7th. Barrington Research lifted their price target on shares of U.S. Physical Therapy from $130.00 to $139.00 and gave the company an “outperform” rating in a research report on Friday, August 6th.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics, which 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. The company operates through the following segments: physical therapy operations and industrial injury prevention services.

Read More: Why is cost of goods sold important?

Want to see what other hedge funds are holding USPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Physical Therapy, Inc. (NYSE:USPH).

Institutional Ownership by Quarter for U.S. Physical Therapy (NYSE:USPH)

Receive News & Ratings for U.S. Physical Therapy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Physical Therapy and related companies with MarketBeat.com's FREE daily email newsletter.