Guggenheim Capital LLC decreased its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 37.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,571 shares of the company’s stock after selling 8,105 shares during the period. Guggenheim Capital LLC owned about 0.11% of U.S. Physical Therapy worth $953,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its stake in U.S. Physical Therapy by 115.3% in the third quarter. Sei Investments Co. now owns 1,701 shares of the company’s stock valued at $106,000 after buying an additional 911 shares during the last quarter. Acrospire Investment Management LLC increased its stake in U.S. Physical Therapy by 28.0% in the third quarter. Acrospire Investment Management LLC now owns 1,830 shares of the company’s stock valued at $115,000 after buying an additional 400 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in U.S. Physical Therapy during the third quarter valued at about $154,000. Tyers Asset Management LLC bought a new stake in U.S. Physical Therapy during the fourth quarter valued at about $166,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in U.S. Physical Therapy by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,770 shares of the company’s stock valued at $174,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.
Shares of U.S. Physical Therapy, Inc. (NYSE:USPH) opened at 63.50 on Wednesday. The firm’s 50-day moving average price is $67.77 and its 200 day moving average price is $66.92. U.S. Physical Therapy, Inc. has a 12-month low of $48.10 and a 12-month high of $78.00. The firm has a market cap of $795.08 million, a P/E ratio of 32.90 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Monday, April 17th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 12th. This is a positive change from U.S. Physical Therapy’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. U.S. Physical Therapy’s dividend payout ratio (DPR) is 35.05%.
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Several analysts have issued reports on USPH shares. Zacks Investment Research upgraded U.S. Physical Therapy from a “sell” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Friday, January 6th. Jefferies Group LLC set a $63.00 price objective on U.S. Physical Therapy and gave the stock a “hold” rating in a report on Saturday, March 18th. Finally, Barrington Research downgraded U.S. Physical Therapy from an “outperform” rating to a “market perform” rating in a report on Friday, March 17th.
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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