Ridgewood Investments LLC purchased a new stake in U.S. Physical Therapy, Inc. (NYSE:USPH – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 553 shares of the company’s stock, valued at approximately $54,000.
Several other large investors have also bought and sold shares of USPH. Legato Capital Management LLC purchased a new stake in U.S. Physical Therapy in the 4th quarter valued at about $890,000. Schroder Investment Management Group raised its stake in shares of U.S. Physical Therapy by 119.0% during the 4th quarter. Schroder Investment Management Group now owns 250,114 shares of the company’s stock worth $20,267,000 after purchasing an additional 135,895 shares during the period. Riverbridge Partners LLC boosted its holdings in shares of U.S. Physical Therapy by 1.7% in the 1st quarter. Riverbridge Partners LLC now owns 408,904 shares of the company’s stock worth $40,036,000 after buying an additional 6,682 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of U.S. Physical Therapy by 28.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 41,222 shares of the company’s stock worth $3,340,000 after purchasing an additional 9,182 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of U.S. Physical Therapy in the 4th quarter worth approximately $926,000.
U.S. Physical Therapy Price Performance
Shares of NYSE USPH opened at $116.97 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50 day simple moving average of $110.82 and a two-hundred day simple moving average of $101.24. U.S. Physical Therapy, Inc. has a fifty-two week low of $73.30 and a fifty-two week high of $131.50. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 54.15, a P/E/G ratio of 4.86 and a beta of 1.38.
U.S. Physical Therapy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 18th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.47%. The ex-dividend date was Wednesday, May 17th. U.S. Physical Therapy’s dividend payout ratio is currently 79.63%.
Analyst Ratings Changes
Several brokerages have recently weighed in on USPH. TheStreet upgraded U.S. Physical Therapy from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Bank of America began coverage on shares of U.S. Physical Therapy in a research note on Friday, June 30th. They issued a “buy” rating and a $138.00 price objective for the company. Barrington Research raised their target price on shares of U.S. Physical Therapy from $110.00 to $116.00 in a report on Friday, May 5th. Finally, StockNews.com assumed coverage on shares of U.S. Physical Therapy in a report on Thursday, May 18th. They set a “hold” rating for the company.
U.S. Physical Therapy Company Profile
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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