U.S. Physical Therapy, Inc. (USPH) Upgraded at Zacks Investment Research


Zacks Investment Research upgraded shares of U.S. Physical Therapy, Inc. (NYSE:USPH) from a sell rating to a hold rating in a research report sent to investors on Saturday.

According to Zacks, “U.S. Physical Therapy, Inc. operates outpatient physical and occupational therapy clinics which provide post-operative care and treatment for a variety of orthopedic-related disorders and sports-related injuries. “

USPH has been the subject of a number of other reports. Jefferies Group LLC set a $63.00 price target on U.S. Physical Therapy and gave the company a hold rating in a research report on Saturday, March 18th. Barrington Research downgraded U.S. Physical Therapy from an outperform rating to a market perform rating in a research report on Friday, March 17th.

Shares of U.S. Physical Therapy (NYSE:USPH) traded up 0.31% during midday trading on Friday, reaching $64.20. The company had a trading volume of 43,565 shares. U.S. Physical Therapy has a 12-month low of $48.71 and a 12-month high of $78.00. The stock has a market capitalization of $803.85 million, a PE ratio of 33.26 and a beta of 0.91. The stock’s 50 day moving average is $66.71 and its 200-day moving average is $66.88.

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The company also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Monday, April 17th will be given a $0.20 dividend. This is an increase from U.S. Physical Therapy’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, April 12th. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently 35.05%.

A number of hedge funds have recently added to or reduced their stakes in USPH. 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 worth $106,000 after buying an additional 911 shares in 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 worth $115,000 after buying an additional 400 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in U.S. Physical Therapy during the third quarter worth about $154,000. Tyers Asset Management LLC purchased a new stake in U.S. Physical Therapy during the fourth quarter worth 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 worth $174,000 after buying an additional 40 shares in the last quarter. 96.70% of the stock is owned by institutional investors and hedge funds.

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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