State of Alaska Department of Revenue Purchases 1,074 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

State of Alaska Department of Revenue boosted its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 77.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,454 shares of the company’s stock after buying an additional 1,074 shares during the period. State of Alaska Department of Revenue’s holdings in U.S. Physical Therapy were worth $148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Teachers Advisors LLC raised its position in U.S. Physical Therapy by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 28,963 shares of the company’s stock valued at $2,033,000 after buying an additional 882 shares in the last quarter. Louisiana State Employees Retirement System raised its position in U.S. Physical Therapy by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 5,100 shares of the company’s stock valued at $333,000 after buying an additional 100 shares in the last quarter. Legato Capital Management LLC raised its position in U.S. Physical Therapy by 6,430.0% in the first quarter. Legato Capital Management LLC now owns 95,534 shares of the company’s stock valued at $1,463,000 after buying an additional 94,071 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in U.S. Physical Therapy during the first quarter valued at about $345,000. Finally, Wells Fargo & Company MN raised its position in U.S. Physical Therapy by 5.5% in the first quarter. Wells Fargo & Company MN now owns 44,458 shares of the company’s stock valued at $2,903,000 after buying an additional 2,335 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

U.S. Physical Therapy, Inc. (NYSE USPH) traded down 0.08% on Thursday, reaching $63.00. The company’s stock had a trading volume of 15,625 shares. U.S. Physical Therapy, Inc. has a 12 month low of $51.96 and a 12 month high of $78.00. The company has a 50-day moving average price of $62.60 and a 200 day moving average price of $66.14. The company has a market cap of $792.60 million, a P/E ratio of 39.87 and a beta of 1.06.

U.S. Physical Therapy (NYSE:USPH) last issued its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.01. U.S. Physical Therapy had a return on equity of 12.91% and a net margin of 5.65%. The firm had revenue of $104.25 million during the quarter, compared to analyst estimates of $102.93 million. On average, equities research analysts anticipate that U.S. Physical Therapy, Inc. will post $2.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 21st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. U.S. Physical Therapy’s payout ratio is 46.78%.

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Several research analysts have issued reports on USPH shares. Zacks Investment Research upgraded U.S. Physical Therapy from a “sell” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Saturday, May 13th. Jefferies Group LLC set a $65.00 price objective on U.S. Physical Therapy and gave the stock a “hold” rating in a research note on Friday, August 4th. Barrington Research upgraded U.S. Physical Therapy from a “market perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a research note on Monday, July 3rd. Finally, Cantor Fitzgerald started coverage on U.S. Physical Therapy in a research note on Monday, July 24th. They set an “overweight” rating and a $72.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. U.S. Physical Therapy currently has a consensus rating of “Hold” and a consensus target price of $68.50.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries.

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

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