KBC Group NV Purchases 315 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

KBC Group NV increased its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 68.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 774 shares of the company’s stock after acquiring an additional 315 shares during the quarter. KBC Group NV’s holdings in U.S. Physical Therapy were worth $66,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in shares of U.S. Physical Therapy by 14.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,140 shares of the company’s stock valued at $2,128,000 after acquiring an additional 3,166 shares during the last quarter. Aigen Investment Management LP bought a new stake in U.S. Physical Therapy in the third quarter valued at about $316,000. State of New Jersey Common Pension Fund D increased its holdings in U.S. Physical Therapy by 26.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,594 shares of the company’s stock valued at $1,997,000 after purchasing an additional 4,902 shares during the last quarter. Principal Financial Group Inc. lifted its stake in U.S. Physical Therapy by 1.0% in the third quarter. Principal Financial Group Inc. now owns 79,817 shares of the company’s stock valued at $6,755,000 after buying an additional 766 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in U.S. Physical Therapy by 113.4% during the third quarter. Harbor Capital Advisors Inc. now owns 16,188 shares of the company’s stock worth $1,370,000 after buying an additional 8,604 shares during the last quarter.

Insider Buying and Selling

In related news, Director Nancy Ham sold 1,172 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $96.72, for a total transaction of $113,355.84. Following the completion of the transaction, the director now directly owns 1,112 shares in the company, valued at approximately $107,552.64. This trade represents a 51.31 % 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 business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $92.95, for a total value of $185,900.00. Following the completion of the sale, the director now owns 16,726 shares in the company, valued at $1,554,681.70. The trade was a 10.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,896 shares of company stock worth $656,940 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on USPH shares. Bank of America reiterated a “neutral” rating and issued a $90.00 price target (down from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th. Barrington Research reiterated an “outperform” rating and issued a $108.00 target price on shares of U.S. Physical Therapy in a report on Thursday. Finally, StockNews.com raised shares of U.S. Physical Therapy from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st.

U.S. Physical Therapy Price Performance

Shares of USPH opened at $97.83 on Friday. The stock has a 50 day simple moving average of $85.22 and a 200 day simple moving average of $90.83. U.S. Physical Therapy, Inc. has a 52-week low of $76.18 and a 52-week high of $113.63. 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 firm has a market capitalization of $1.48 billion, a PE ratio of 104.07, a P/E/G ratio of 4.38 and a beta of 1.38.

U.S. Physical Therapy Dividend Announcement

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

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.