State of New Jersey Common Pension Fund D Trims Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

State of New Jersey Common Pension Fund D decreased its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 32.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,692 shares of the company’s stock after selling 8,949 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.12% of U.S. Physical Therapy worth $1,728,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in U.S. Physical Therapy during the second quarter valued at about $30,000. Quest Partners LLC lifted its holdings in U.S. Physical Therapy by 2,808.3% in the 2nd quarter. Quest Partners LLC now owns 349 shares of the company’s stock worth $32,000 after purchasing an additional 337 shares in the last quarter. Northwest Bank & Trust Co bought a new position in U.S. Physical Therapy in the 4th quarter worth approximately $37,000. Ridgewood Investments LLC bought a new position in U.S. Physical Therapy in the 2nd quarter worth approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in U.S. Physical Therapy by 268.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 549 shares of the company’s stock valued at $61,000 after buying an additional 400 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on USPH. Barrington Research reissued an “outperform” rating and issued a $108.00 target price on shares of U.S. Physical Therapy in a report on Friday, September 20th. 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.

Insider Activity at U.S. Physical Therapy

In other news, COO Graham D. Reeve sold 1,724 shares of U.S. Physical Therapy stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $82.50, for a total value of $142,230.00. Following the completion of the transaction, the chief operating officer now owns 7,038 shares in the company, valued at approximately $580,635. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Graham D. Reeve sold 1,724 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $82.50, for a total value of $142,230.00. Following the sale, the chief operating officer now owns 7,038 shares of the company’s stock, valued at $580,635. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathleen A. Gilmartin purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $86.09 per share, with a total value of $172,180.00. Following the completion of the purchase, the director now owns 18,904 shares in the company, valued at approximately $1,627,445.36. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

U.S. Physical Therapy Stock Performance

NYSE USPH opened at $83.86 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 1.88. U.S. Physical Therapy, Inc. has a 1-year low of $78.08 and a 1-year high of $113.63. The business has a 50 day simple moving average of $88.07 and a two-hundred day simple moving average of $96.67. The stock has a market capitalization of $1.26 billion, a PE ratio of 68.18, a P/E/G ratio of 4.11 and a beta of 1.39.

U.S. Physical Therapy (NYSE:USPH) last posted its earnings results on Tuesday, August 13th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The business had revenue of $167.19 million during the quarter, compared to analysts’ expectations of $163.34 million. U.S. Physical Therapy had a net margin of 4.06% and a return on equity of 8.18%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. On average, research analysts predict that U.S. Physical Therapy, Inc. will post 2.51 EPS for the current fiscal year.

U.S. Physical Therapy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, August 23rd. U.S. Physical Therapy’s dividend payout ratio is 143.09%.

U.S. Physical Therapy Company 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.