Quarry LP Sells 159 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Quarry LP lessened its position in U.S. Physical Therapy, Inc. (NYSE:USPH) by 30.9% in the third quarter, HoldingsChannel reports. The firm owned 356 shares of the company’s stock after selling 159 shares during the quarter. Quarry LP’s holdings in U.S. Physical Therapy were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in shares of U.S. Physical Therapy during the second quarter valued at $28,000. Innealta Capital LLC purchased a new stake in U.S. Physical Therapy in the 2nd quarter worth approximately $30,000. Quest Partners LLC boosted its holdings in U.S. Physical Therapy by 2,808.3% in the 2nd quarter. Quest Partners LLC now owns 349 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the period. Ridgewood Investments LLC bought a new position in U.S. Physical Therapy in the 2nd quarter worth approximately $51,000. Finally, KBC Group NV grew its holdings in U.S. Physical Therapy by 68.6% during the 3rd quarter. KBC Group NV now owns 774 shares of the company’s stock valued at $66,000 after buying an additional 315 shares in the last quarter.

Insider Activity

In other U.S. Physical Therapy news, Director Nancy Ham sold 1,172 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $96.72, for a total transaction of $113,355.84. Following the completion of the sale, the director now directly owns 1,112 shares in the company, valued at $107,552.64. The trade was a 51.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Graham D. Reeve sold 1,724 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $96.29, for a total transaction of $166,003.96. Following the sale, the chief operating officer now directly owns 7,106 shares of the company’s stock, valued at approximately $684,236.74. The trade was a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,412 shares of company stock worth $706,605 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on USPH. Barrington Research reiterated an “outperform” rating and issued a $108.00 price target on shares of U.S. Physical Therapy in a report on Thursday, November 21st. Bank of America restated a “neutral” rating and issued a $90.00 target price (down previously from $114.00) on shares of U.S. Physical Therapy in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price objective on shares of U.S. Physical Therapy from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. 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 Trading Down 1.7 %

Shares of U.S. Physical Therapy stock opened at $94.06 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.78 and a current ratio of 1.78. U.S. Physical Therapy, Inc. has a 1 year low of $76.18 and a 1 year high of $113.63. The company’s fifty day moving average is $89.08 and its two-hundred day moving average is $90.09. The company has a market capitalization of $1.42 billion, a P/E ratio of 100.06, a PEG ratio of 4.34 and a beta of 1.46.

U.S. Physical Therapy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, November 15th. U.S. Physical Therapy’s dividend payout ratio (DPR) 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.