Oppenheimer Asset Management Inc. Boosts Stock Holdings in U.S. Physical Therapy, Inc. (NYSE:USPH)

Oppenheimer Asset Management Inc. grew its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPHGet Rating) by 137.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,272 shares of the company’s stock after acquiring an additional 4,795 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.06% of U.S. Physical Therapy worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of U.S. Physical Therapy by 39.0% in the 2nd quarter. SG Americas Securities LLC now owns 11,850 shares of the company’s stock worth $1,294,000 after buying an additional 3,323 shares during the last quarter. MQS Management LLC purchased a new position in shares of U.S. Physical Therapy in the 1st quarter worth about $230,000. Rice Hall James & Associates LLC raised its stake in U.S. Physical Therapy by 0.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 25,693 shares of the company’s stock valued at $2,806,000 after acquiring an additional 182 shares during the period. Trustcore Financial Services LLC raised its stake in U.S. Physical Therapy by 1,083.1% in the 1st quarter. Trustcore Financial Services LLC now owns 7,205 shares of the company’s stock valued at $717,000 after acquiring an additional 6,596 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in U.S. Physical Therapy by 22.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 5,413 shares of the company’s stock valued at $538,000 after acquiring an additional 1,010 shares during the period. 98.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on USPH shares. TheStreet cut U.S. Physical Therapy from a “b-” rating to a “c+” rating in a research note on Wednesday, August 31st. StockNews.com started coverage on U.S. Physical Therapy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

U.S. Physical Therapy Trading Down 2.0 %

Shares of USPH opened at $84.49 on Tuesday. The business’s 50-day moving average price is $80.57 and its 200-day moving average price is $96.86. U.S. Physical Therapy, Inc. has a twelve month low of $73.30 and a twelve month high of $131.50. The stock has a market cap of $1.10 billion, a PE ratio of 28.26, a P/E/G ratio of 3.19 and a beta of 1.31. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.46.

U.S. Physical Therapy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 18th. U.S. Physical Therapy’s dividend payout ratio is presently 54.85%.

Insider Activity

In other news, insider Eric Joseph Williams sold 590 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $86.04, for a total transaction of $50,763.60. Following the sale, the insider now directly owns 8,864 shares in the company, valued at $762,658.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Richard Binstein sold 904 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $85.86, for a total value of $77,617.44. Following the sale, the executive vice president now directly owns 7,067 shares of the company’s stock, valued at $606,772.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Joseph Williams sold 590 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $86.04, for a total transaction of $50,763.60. Following the completion of the sale, the insider now directly owns 8,864 shares in the company, valued at $762,658.56. The disclosure for this sale can be found here. Insiders have sold a total of 8,403 shares of company stock worth $692,745 over the last ninety days. Company insiders own 1.90% of the company’s stock.

About U.S. Physical Therapy

(Get Rating)

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

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