American Century Companies Inc. Acquires New Stake in U.S. Physical Therapy, Inc. $USPH

American Century Companies Inc. bought a new position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 258,265 shares of the company’s stock, valued at approximately $21,940,000. American Century Companies Inc. owned approximately 1.70% of U.S. Physical Therapy as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in U.S. Physical Therapy by 3.4% in the first quarter. Royal Bank of Canada now owns 79,238 shares of the company’s stock valued at $5,733,000 after purchasing an additional 2,594 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of U.S. Physical Therapy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,897 shares of the company’s stock valued at $644,000 after buying an additional 391 shares in the last quarter. Jane Street Group LLC raised its position in shares of U.S. Physical Therapy by 249.3% during the 1st quarter. Jane Street Group LLC now owns 49,309 shares of the company’s stock valued at $3,568,000 after buying an additional 35,191 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of U.S. Physical Therapy by 35.7% during the 2nd quarter. Assetmark Inc. now owns 570 shares of the company’s stock worth $45,000 after acquiring an additional 150 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of U.S. Physical Therapy by 3.9% during the 2nd quarter. Atria Investments Inc now owns 7,868 shares of the company’s stock worth $615,000 after acquiring an additional 298 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on USPH. Jefferies Financial Group set a $102.00 target price on U.S. Physical Therapy in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of U.S. Physical Therapy in a report on Wednesday, January 21st. Barrington Research reissued an “outperform” rating and set a $103.00 price objective on shares of U.S. Physical Therapy in a report on Friday, February 20th. Citigroup restated a “market outperform” rating on shares of U.S. Physical Therapy in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. cut their target price on U.S. Physical Therapy from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, U.S. Physical Therapy presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

U.S. Physical Therapy Stock Down 0.5%

Shares of NYSE:USPH opened at $80.72 on Tuesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 56.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.30. The stock’s 50-day moving average price is $83.83 and its 200-day moving average price is $82.34. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. U.S. Physical Therapy, Inc. has a 12-month low of $62.77 and a 12-month high of $93.50.

U.S. Physical Therapy (NYSE:USPH) last released its earnings results on Thursday, February 26th. The company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. U.S. Physical Therapy had a return on equity of 8.75% and a net margin of 5.07%.The company had revenue of $202.73 million during the quarter, compared to analyst estimates of $200.10 million. During the same quarter in the previous year, the company posted $0.51 EPS. U.S. Physical Therapy’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current year.

U.S. Physical Therapy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from U.S. Physical Therapy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, March 13th. U.S. Physical Therapy’s payout ratio is currently 126.76%.

Insider Activity

In other news, EVP Richard Binstein sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $81.64, for a total value of $244,920.00. Following the transaction, the executive vice president owned 24,867 shares in the company, valued at approximately $2,030,141.88. This trade represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.