Victory Capital Management Inc. Has $2.92 Million Holdings in U.S. Physical Therapy, Inc. (NYSE:USPH)

Victory Capital Management Inc. lessened its holdings in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,508 shares of the company’s stock after selling 5,257 shares during the quarter. Victory Capital Management Inc. owned approximately 0.23% of U.S. Physical Therapy worth $2,920,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of USPH. Canada Pension Plan Investment Board acquired a new position in U.S. Physical Therapy during the second quarter worth approximately $28,000. Innealta Capital LLC acquired a new position in U.S. Physical Therapy during the second quarter worth approximately $30,000. Quest Partners LLC increased its position in U.S. Physical Therapy by 2,808.3% during the second quarter. Quest Partners LLC now owns 349 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the last quarter. Quarry LP boosted its holdings in shares of U.S. Physical Therapy by 1,291.9% during the second quarter. Quarry LP now owns 515 shares of the company’s stock worth $48,000 after acquiring an additional 478 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in shares of U.S. Physical Therapy during the second quarter worth approximately $51,000.

Wall Street Analyst Weigh In

USPH has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $108.00 price objective on shares of U.S. Physical Therapy in a report on Thursday. StockNews.com upgraded U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Bank of America reiterated a “neutral” rating and issued a $90.00 price target (down from $114.00) on shares of U.S. Physical Therapy in a research note on Monday, October 7th.

U.S. Physical Therapy Trading Up 0.9 %

Shares of USPH stock opened at $97.83 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.48 billion, a P/E ratio of 104.07, a price-to-earnings-growth ratio of 4.38 and a beta of 1.38. The stock has a 50 day simple moving average of $85.22 and a 200 day simple moving average of $90.83. U.S. Physical Therapy, Inc. has a 1 year low of $76.18 and a 1 year high of $113.63.

U.S. Physical Therapy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 15th. U.S. Physical Therapy’s payout ratio is presently 187.23%.

Insiders Place Their Bets

In other U.S. Physical Therapy news, COO Graham D. Reeve sold 1,724 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $96.29, for a total transaction of $166,003.96. Following the completion of the sale, the chief operating officer now directly owns 7,106 shares in the company, valued at $684,236.74. This represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernard A. Harris, Jr. sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $92.95, for a total value of $185,900.00. Following the sale, the director now owns 16,726 shares of the company’s stock, valued at $1,554,681.70. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,896 shares of company stock worth $656,940 over the last three months. Insiders own 1.70% of the company’s stock.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.