SG Americas Securities LLC Increases Position in U.S. Physical Therapy, Inc. $USPH

SG Americas Securities LLC lifted its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 477.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,593 shares of the company’s stock after purchasing an additional 11,240 shares during the period. SG Americas Securities LLC’s holdings in U.S. Physical Therapy were worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in U.S. Physical Therapy by 9.4% during the second quarter. Envestnet Asset Management Inc. now owns 346,160 shares of the company’s stock worth $27,070,000 after purchasing an additional 29,671 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in U.S. Physical Therapy during the third quarter worth about $845,000. Index Fund Advisors Inc. purchased a new stake in shares of U.S. Physical Therapy in the second quarter valued at about $352,000. Geode Capital Management LLC grew its position in shares of U.S. Physical Therapy by 1.2% in the second quarter. Geode Capital Management LLC now owns 352,923 shares of the company’s stock valued at $27,602,000 after purchasing an additional 4,306 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of U.S. Physical Therapy during the 2nd quarter worth approximately $481,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on USPH shares. Barrington Research reaffirmed an “outperform” rating and issued a $103.00 target price on shares of U.S. Physical Therapy in a research note on Monday, January 5th. Wall Street Zen downgraded U.S. Physical Therapy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. JPMorgan Chase & Co. dropped their price objective on U.S. Physical Therapy from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of U.S. Physical Therapy in a research note on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of U.S. Physical Therapy in a report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.33.

U.S. Physical Therapy Price Performance

U.S. Physical Therapy stock opened at $86.12 on Friday. U.S. Physical Therapy, Inc. has a 1 year low of $62.77 and a 1 year high of $93.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a 50 day moving average price of $77.57 and a 200 day moving average price of $80.83. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.55 and a beta of 1.29.

U.S. Physical Therapy (NYSE:USPH) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). U.S. Physical Therapy had a return on equity of 8.62% and a net margin of 5.71%.The company had revenue of $197.13 million for the quarter, compared to analysts’ expectations of $193.98 million. During the same period in the prior year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts predict that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current year.

U.S. Physical Therapy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, November 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 17th. U.S. Physical Therapy’s payout ratio is 75.63%.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc (NYSE: USPH) is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.

In addition to traditional rehabilitation services, U.S.