Point72 Hong Kong Ltd Takes Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

Posted by Defense World Staff on Mar 6th, 2023

Point72 Hong Kong Ltd acquired a new stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 597 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of U.S. Physical Therapy during the third quarter valued at about $387,000. Renaissance Technologies LLC boosted its stake in U.S. Physical Therapy by 15.7% in the third quarter. Renaissance Technologies LLC now owns 49,323 shares of the company’s stock valued at $3,750,000 after acquiring an additional 6,700 shares during the last quarter. Aviva PLC boosted its stake in U.S. Physical Therapy by 9.3% in the third quarter. Aviva PLC now owns 20,012 shares of the company’s stock valued at $1,521,000 after acquiring an additional 1,697 shares during the last quarter. Alpine Peaks Capital LP boosted its stake in U.S. Physical Therapy by 26.2% in the third quarter. Alpine Peaks Capital LP now owns 52,474 shares of the company’s stock valued at $3,989,000 after acquiring an additional 10,900 shares during the last quarter. Finally, CenterBook Partners LP purchased a new position in U.S. Physical Therapy in the third quarter valued at about $1,327,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com cut shares of U.S. Physical Therapy from a “hold” rating to a “sell” rating in a research note on Friday, February 24th. Barrington Research boosted their target price on shares of U.S. Physical Therapy from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.

Insider Activity

In other news, EVP Richard Binstein sold 911 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $100.78, for a total value of $91,810.58. Following the sale, the executive vice president now owns 9,906 shares of the company’s stock, valued at $998,326.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Carey P. Hendrickson sold 550 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $87.85, for a total transaction of $48,317.50. Following the sale, the chief financial officer now owns 11,607 shares of the company’s stock, valued at approximately $1,019,674.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Binstein sold 911 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $100.78, for a total transaction of $91,810.58. Following the sale, the executive vice president now directly owns 9,906 shares in the company, valued at approximately $998,326.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,461 shares of company stock valued at $398,128 over the last quarter. Company insiders own 1.90% of the company’s stock.

U.S. Physical Therapy Stock Performance

NYSE USPH opened at $102.90 on Monday. The company’s 50 day moving average is $93.72 and its 200-day moving average is $86.39. U.S. Physical Therapy, Inc. has a 12-month low of $73.30 and a 12-month high of $131.50. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.34 billion, a P/E ratio of 45.73, a price-to-earnings-growth ratio of 3.93 and a beta of 1.34.

U.S. Physical Therapy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 7th. Stockholders of record on Friday, March 10th will be given a $0.43 dividend. The ex-dividend date is Thursday, March 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.67%. This is a positive change from U.S. Physical Therapy’s previous quarterly dividend of $0.41. U.S. Physical Therapy’s payout ratio is 72.89%.

About U.S. Physical Therapy

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U.S. Physical Therapy, Inc operates outpatient physical therapy clinics, which 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. It operates through the following segments: physical therapy operations and industrial injury prevention services.

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Institutional Ownership by Quarter for U.S. Physical Therapy (NYSE:USPH)

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