Y Intercept Hong Kong Ltd Invests $573,000 in U.S. Physical Therapy, Inc. (NYSE:USPH)

Y Intercept Hong Kong Ltd bought a new stake in U.S. Physical Therapy, Inc. (NYSE:USPH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,768 shares of the company’s stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its position in shares of 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 during the last quarter. Renaissance Technologies LLC grew its stake in shares of U.S. Physical Therapy by 763.7% in the second quarter. Renaissance Technologies LLC now owns 69,523 shares of the company’s stock valued at $6,425,000 after buying an additional 61,474 shares in the last quarter. Southernsun Asset Management LLC increased its holdings in U.S. Physical Therapy by 10.5% during the third quarter. Southernsun Asset Management LLC now owns 547,111 shares of the company’s stock worth $46,302,000 after buying an additional 52,062 shares during the last quarter. Penn Davis Mcfarland Inc. acquired a new stake in U.S. Physical Therapy in the third quarter valued at $2,552,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of U.S. Physical Therapy by 18.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 160,441 shares of the company’s stock valued at $13,578,000 after acquiring an additional 25,393 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of U.S. Physical Therapy from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Bank of America reaffirmed a “neutral” rating and issued a $90.00 price objective (down from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th. StockNews.com raised U.S. Physical Therapy from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $108.00 price target on shares of U.S. Physical Therapy in a report on Thursday, November 21st.

U.S. Physical Therapy Trading Down 0.6 %

Shares of USPH stock opened at $93.46 on Friday. U.S. Physical Therapy, Inc. has a 12-month low of $76.18 and a 12-month high of $113.63. The company has a market capitalization of $1.41 billion, a PE ratio of 99.43, a price-to-earnings-growth ratio of 4.23 and a beta of 1.46. The firm has a 50 day moving average price of $89.32 and a two-hundred day moving average price of $89.96. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.44 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.76 annualized dividend and a yield of 1.88%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 187.23%.

Insider Activity at U.S. Physical Therapy

In other U.S. Physical Therapy news, Director Nancy Ham sold 1,172 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $96.72, for a total value of $113,355.84. Following the completion of the sale, the director now owns 1,112 shares of the company’s stock, valued at $107,552.64. The trade was a 51.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric Joseph Williams sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $95.84, for a total transaction of $191,680.00. Following the transaction, the insider now directly owns 14,814 shares in the company, valued at $1,419,773.76. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,412 shares of company stock worth $706,605 in the last ninety days. 1.70% of the stock is owned by company 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.