Fred Alger Management Inc. grew its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,609 shares of the company’s stock after acquiring an additional 3,296 shares during the quarter. Fred Alger Management Inc.’s holdings in U.S. Physical Therapy were worth $17,155,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of USPH. SG Americas Securities LLC purchased a new stake in shares of U.S. Physical Therapy in the third quarter valued at $170,000. UBS Asset Management Americas Inc. purchased a new stake in shares of U.S. Physical Therapy in the fourth quarter valued at $206,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of U.S. Physical Therapy by 59.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,770 shares of the company’s stock valued at $231,000 after acquiring an additional 1,412 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of U.S. Physical Therapy in the third quarter valued at $274,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of U.S. Physical Therapy by 59.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,700 shares of the company’s stock valued at $289,000 after acquiring an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 96.53% of the company’s stock.
Several analysts have recently issued reports on the company. Cantor Fitzgerald upped their price objective on U.S. Physical Therapy to $90.00 and gave the company an “overweight” rating in a research report on Friday. Barrington Research restated a “hold” rating on shares of U.S. Physical Therapy in a research report on Friday. Zacks Investment Research downgraded U.S. Physical Therapy from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Group set a $76.00 price objective on U.S. Physical Therapy and gave the company a “hold” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.40.
U.S. Physical Therapy (NYSE:USPH) last released its earnings results on Thursday, March 8th. The company reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. U.S. Physical Therapy had a return on equity of 13.12% and a net margin of 5.38%. The firm had revenue of $109.20 million for the quarter, compared to the consensus estimate of $104.12 million. analysts predict that U.S. Physical Therapy, Inc. will post 2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, March 21st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, March 20th. This is an increase from U.S. Physical Therapy’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 1.06%. U.S. Physical Therapy’s dividend payout ratio is 45.71%.
In other U.S. Physical Therapy news, CFO Lawrance W. Mcafee sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark J. Brookner sold 2,625 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $71.23, for a total value of $186,978.75. The disclosure for this sale can be found here. Insiders have sold 8,875 shares of company stock worth $637,971 over the last quarter. 3.10% of the stock is currently owned by company insiders.
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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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