First Horizon Advisors Inc. Buys 298 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

First Horizon Advisors Inc. lifted its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 25.1% in the third quarter, HoldingsChannel.com reports. The fund owned 1,486 shares of the company’s stock after purchasing an additional 298 shares during the period. First Horizon Advisors Inc.’s holdings in U.S. Physical Therapy were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in USPH. Precision Wealth Strategies LLC grew its position in U.S. Physical Therapy by 5.1% in the 3rd quarter. Precision Wealth Strategies LLC now owns 2,824 shares of the company’s stock worth $239,000 after purchasing an additional 137 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of U.S. Physical Therapy by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $702,000 after acquiring an additional 200 shares during the period. Martin Capital Advisors LLP increased its position in U.S. Physical Therapy by 1.6% during the third quarter. Martin Capital Advisors LLP now owns 13,138 shares of the company’s stock valued at $1,112,000 after acquiring an additional 201 shares during the last quarter. ProShare Advisors LLC lifted its holdings in U.S. Physical Therapy by 7.4% in the first quarter. ProShare Advisors LLC now owns 3,002 shares of the company’s stock valued at $339,000 after acquiring an additional 206 shares during the period. Finally, Chatham Capital Group Inc. boosted its position in U.S. Physical Therapy by 1.4% in the second quarter. Chatham Capital Group Inc. now owns 19,675 shares of the company’s stock worth $1,818,000 after purchasing an additional 275 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Barrington Research reiterated an “outperform” rating and set a $108.00 price target on shares of U.S. Physical Therapy in a research note on Thursday. Finally, Bank of America reissued a “neutral” rating and set a $90.00 price objective (down previously from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th.

Insiders Place Their Bets

In other news, COO Graham D. Reeve sold 1,724 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $96.29, for a total value of $166,003.96. Following the transaction, the chief operating officer now owns 7,106 shares of the company’s stock, valued at approximately $684,236.74. The trade was a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard A. Harris, Jr. sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $92.95, for a total transaction of $185,900.00. Following the transaction, the director now owns 16,726 shares of the company’s stock, valued at approximately $1,554,681.70. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,896 shares of company stock worth $656,940. Corporate insiders own 1.70% of the company’s stock.

U.S. Physical Therapy Price Performance

Shares of NYSE:USPH opened at $97.83 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of 104.07, a P/E/G ratio of 4.38 and a beta of 1.38. U.S. Physical Therapy, Inc. has a 1-year low of $76.18 and a 1-year high of $113.63. The firm’s 50 day simple moving average is $85.22 and its two-hundred day simple moving average is $90.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.78 and a quick ratio of 1.78.

U.S. Physical Therapy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, November 15th. U.S. Physical Therapy’s dividend payout ratio is currently 187.23%.

U.S. Physical Therapy Profile

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.