Townsquare Capital LLC Sells 635 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Townsquare Capital LLC lowered its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,128 shares of the company’s stock after selling 635 shares during the quarter. Townsquare Capital LLC owned approximately 0.17% of U.S. Physical Therapy worth $2,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC grew its stake in shares of U.S. Physical Therapy by 59.8% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 326 shares of the company’s stock valued at $29,000 after purchasing an additional 122 shares during the last quarter. Venturi Wealth Management LLC boosted its position in U.S. Physical Therapy by 3,200.0% in the 4th quarter. Venturi Wealth Management LLC now owns 726 shares of the company’s stock valued at $64,000 after buying an additional 704 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of U.S. Physical Therapy in the 4th quarter valued at $113,000. Mutual of America Capital Management LLC bought a new stake in shares of U.S. Physical Therapy during the fourth quarter worth $203,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of U.S. Physical Therapy during the fourth quarter valued at $257,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on USPH shares. William Blair reiterated a “market perform” rating on shares of U.S. Physical Therapy in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of U.S. Physical Therapy from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 19th. Barrington Research reduced their price objective on shares of U.S. Physical Therapy from $108.00 to $98.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com raised shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.00.

Insider Activity

In related news, COO Graham D. Reeve sold 1,730 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $82.11, for a total transaction of $142,050.30. Following the sale, the chief operating officer now directly owns 7,168 shares in the company, valued at $588,564.48. This trade represents a 19.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

U.S. Physical Therapy Stock Down 0.4 %

Shares of NYSE:USPH opened at $69.55 on Wednesday. The company has a 50 day moving average price of $77.60 and a two-hundred day moving average price of $85.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $1.06 billion, a PE ratio of 73.99, a PEG ratio of 3.54 and a beta of 1.38. U.S. Physical Therapy, Inc. has a 52 week low of $62.77 and a 52 week high of $108.14.

U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The firm had revenue of $180.45 million during the quarter, compared to the consensus estimate of $173.10 million. U.S. Physical Therapy had a net margin of 3.54% and a return on equity of 8.11%. Analysts forecast that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current year.

U.S. Physical Therapy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.59%. This is a positive change from U.S. Physical Therapy’s previous quarterly dividend of $0.44. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently 97.83%.

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.