U.S. Physical Therapy, Inc. (USPH) Downgraded to Market Perform at Barrington Research

Barrington Research downgraded shares of U.S. Physical Therapy, Inc. (NYSE:USPH) from an outperform rating to a market perform rating in a research note released on Friday.

A number of other equities analysts have also weighed in on the company. Cantor Fitzgerald reiterated a buy rating and set a $74.00 price objective on shares of U.S. Physical Therapy in a research note on Thursday. BidaskClub upgraded U.S. Physical Therapy from a sell rating to a hold rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered U.S. Physical Therapy from a hold rating to a sell rating in a research note on Saturday, October 7th. Sidoti upgraded U.S. Physical Therapy from a neutral rating to a buy rating and lifted their price objective for the company from $62.00 to $74.00 in a research note on Friday, September 8th. Finally, Jefferies Group LLC set a $65.00 price objective on U.S. Physical Therapy and gave the company a hold rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $69.00.

Shares of U.S. Physical Therapy (USPH) traded down $1.75 on Friday, reaching $66.30. The company’s stock had a trading volume of 105,690 shares, compared to its average volume of 66,321. The company has a current ratio of 2.04, a quick ratio of 2.26 and a debt-to-equity ratio of 0.30. The company has a market cap of $906.48, a price-to-earnings ratio of 34.81, a PEG ratio of 2.99 and a beta of 1.07.

U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). U.S. Physical Therapy had a return on equity of 10.27% and a net margin of 6.13%. The firm had revenue of $103.03 million for the quarter, compared to analyst estimates of $102.69 million. research analysts forecast that U.S. Physical Therapy will post 2.14 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.80 annualized dividend and a yield of 1.21%. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently 48.19%.

In related news, COO Glenn Mcdowell sold 2,598 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bernard A. Harris, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were 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 owns 26,422 shares in the company, valued at $1,638,164. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,266 shares of company stock valued at $801,134. 3.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in U.S. Physical Therapy by 2.1% in the second quarter. Wells Fargo & Company MN now owns 45,372 shares of the company’s stock valued at $2,740,000 after acquiring an additional 914 shares during the last quarter. Great Lakes Advisors LLC raised its position in U.S. Physical Therapy by 22.4% in the second quarter. Great Lakes Advisors LLC now owns 26,640 shares of the company’s stock valued at $1,609,000 after purchasing an additional 4,874 shares during the period. Aberdeen Asset Management PLC UK raised its position in U.S. Physical Therapy by 13.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 705,007 shares of the company’s stock valued at $42,582,000 after purchasing an additional 83,253 shares during the period. BlackRock Inc. raised its position in U.S. Physical Therapy by 166,319.0% in the first quarter. BlackRock Inc. now owns 1,554,353 shares of the company’s stock valued at $101,501,000 after purchasing an additional 1,553,419 shares during the period. Finally, Marshall Wace North America L.P. raised its position in U.S. Physical Therapy by 450.3% in the second quarter. Marshall Wace North America L.P. now owns 19,122 shares of the company’s stock valued at $1,147,000 after purchasing an additional 15,647 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

About U.S. Physical Therapy

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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