U.S. Physical Therapy, Inc. (USPH) Shares Sold by Fmr LLC

Fmr LLC reduced its holdings in U.S. Physical Therapy, Inc. (NYSE:USPH) by 29.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 156,163 shares of the company’s stock after selling 65,597 shares during the quarter. Fmr LLC owned about 1.24% of U.S. Physical Therapy worth $9,432,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in U.S. Physical Therapy by 2.2% in the second quarter. Vanguard Group Inc. now owns 655,524 shares of the company’s stock worth $39,594,000 after purchasing an additional 13,991 shares in the last quarter. AlphaOne Investment Services LLC increased its holdings in U.S. Physical Therapy by 6.9% in the second quarter. AlphaOne Investment Services LLC now owns 59,164 shares of the company’s stock worth $3,574,000 after purchasing an additional 3,843 shares in the last quarter. Northern Trust Corp increased its holdings in U.S. Physical Therapy by 0.5% in the second quarter. Northern Trust Corp now owns 207,635 shares of the company’s stock worth $12,540,000 after purchasing an additional 1,004 shares in the last quarter. Citigroup Inc. increased its holdings in U.S. Physical Therapy by 29.8% in the second quarter. Citigroup Inc. now owns 19,249 shares of the company’s stock worth $1,163,000 after purchasing an additional 4,418 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in U.S. Physical Therapy by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,650 shares of the company’s stock worth $100,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

A number of equities research analysts have weighed in on the company. BidaskClub upgraded U.S. Physical Therapy from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Cantor Fitzgerald assumed coverage on U.S. Physical Therapy in a report on Monday, July 24th. They issued an “overweight” rating and a $72.00 target price for the company. Zacks Investment Research upgraded U.S. Physical Therapy from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, August 29th. Jefferies Group LLC set a $65.00 target price on U.S. Physical Therapy and gave the stock a “hold” rating in a report on Friday, August 4th. Finally, Sidoti upgraded U.S. Physical Therapy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $74.00 in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $68.60.

In other news, COO Glenn Mcdowell sold 2,598 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $57.00, for a total value of $148,086.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bernard A. Harris, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the transaction, the director now directly owns 26,422 shares of the company’s stock, valued at approximately $1,638,164. The disclosure for this sale can be found here. Insiders sold a total of 13,266 shares of company stock valued at $801,134 in the last three months. Corporate insiders own 3.10% of the company’s stock.

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Shares of U.S. Physical Therapy, Inc. (USPH) opened at 66.55 on Tuesday. The firm has a market cap of $837.27 million, a PE ratio of 42.12 and a beta of 1.06. U.S. Physical Therapy, Inc. has a 52 week low of $51.96 and a 52 week high of $78.00. The firm has a 50-day moving average price of $62.54 and a 200-day moving average price of $62.64.

U.S. Physical Therapy (NYSE:USPH) last announced its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $102.93 million. On average, equities research analysts predict that U.S. Physical Therapy, Inc. will post $2.12 earnings per share for the current year.

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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