Rice Hall James & Associates LLC Sells 10,187 Shares of U.S. Physical Therapy, Inc. $USPH

Rice Hall James & Associates LLC trimmed its position in U.S. Physical Therapy, Inc. (NYSE:USPH) by 31.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,884 shares of the company’s stock after selling 10,187 shares during the quarter. Rice Hall James & Associates LLC’s holdings in U.S. Physical Therapy were worth $1,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in shares of U.S. Physical Therapy by 90.6% in the 2nd quarter. Parallel Advisors LLC now owns 448 shares of the company’s stock valued at $35,000 after purchasing an additional 213 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of U.S. Physical Therapy by 171.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 443 shares of the company’s stock worth $35,000 after buying an additional 280 shares during the last quarter. Assetmark Inc. boosted its stake in U.S. Physical Therapy by 35.7% in the second quarter. Assetmark Inc. now owns 570 shares of the company’s stock valued at $45,000 after buying an additional 150 shares in the last quarter. Huntington National Bank grew its position in U.S. Physical Therapy by 71.9% in the second quarter. Huntington National Bank now owns 667 shares of the company’s stock valued at $52,000 after acquiring an additional 279 shares during the last quarter. Finally, Blue Trust Inc. grew its position in U.S. Physical Therapy by 35.3% in the third quarter. Blue Trust Inc. now owns 640 shares of the company’s stock valued at $54,000 after acquiring an additional 167 shares during the last quarter.

Wall Street Analyst Weigh In

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

U.S. Physical Therapy Stock Up 0.9%

Shares of NYSE:USPH opened at $80.99 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 34.03, a P/E/G ratio of 3.76 and a beta of 1.32. U.S. Physical Therapy, Inc. has a 12-month low of $62.77 and a 12-month high of $93.50. The business has a fifty day simple moving average of $78.97 and a 200 day simple moving average of $80.27. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings data on Tuesday, August 22nd. The company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $140.66 million during the quarter. U.S. Physical Therapy had a return on equity of 8.62% and a net margin of 5.71%. 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. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. U.S. Physical Therapy’s dividend payout ratio is 75.63%.

U.S. Physical Therapy 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.