Short Interest in U.S. Physical Therapy, Inc. (NYSE:USPH) Decreases By 5.7%

U.S. Physical Therapy, Inc. (NYSE:USPH) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 1,150,000 shares, a drop of 5.7% from the September 30th total of 1,220,000 shares. Based on an average daily trading volume, of 87,900 shares, the days-to-cover ratio is presently 13.1 days. Currently, 9.2% of the company’s stock are sold short.

A number of equities research analysts have weighed in on the company. Barrington Research upgraded U.S. Physical Therapy from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Friday, November 8th. ValuEngine upgraded U.S. Physical Therapy from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research downgraded U.S. Physical Therapy from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $127.20.

In related news, Director Harry S. Chapman bought 2,400 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $117.00 per share, for a total transaction of $280,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of U.S. Physical Therapy by 3.6% during the 2nd quarter. BlackRock Inc. now owns 2,258,890 shares of the company’s stock valued at $276,873,000 after purchasing an additional 79,478 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of U.S. Physical Therapy in the second quarter worth about $8,479,000. Scout Investments Inc. lifted its position in shares of U.S. Physical Therapy by 61.7% in the second quarter. Scout Investments Inc. now owns 105,386 shares of the company’s stock worth $12,917,000 after buying an additional 40,207 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of U.S. Physical Therapy by 4.5% in the second quarter. Vanguard Group Inc. now owns 881,582 shares of the company’s stock worth $108,055,000 after buying an additional 37,926 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in shares of U.S. Physical Therapy by 20.3% in the second quarter. Copeland Capital Management LLC now owns 209,405 shares of the company’s stock worth $25,667,000 after buying an additional 35,321 shares during the last quarter.

NYSE:USPH traded down $0.65 during trading hours on Monday, reaching $113.62. 54,511 shares of the stock were exchanged, compared to its average volume of 104,722. The company has a quick ratio of 1.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $132.85 and a 200-day simple moving average of $126.64. U.S. Physical Therapy has a 52 week low of $98.69 and a 52 week high of $148.48. The stock has a market capitalization of $1.47 billion, a P/E ratio of 42.88, a P/E/G ratio of 3.29 and a beta of 1.09.

U.S. Physical Therapy (NYSE:USPH) last released its earnings results on Thursday, November 7th. The company reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. U.S. Physical Therapy had a return on equity of 16.57% and a net margin of 6.36%. The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $121.28 million. During the same quarter last year, the business posted $0.64 EPS. U.S. Physical Therapy’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that U.S. Physical Therapy will post 2.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, November 15th. U.S. Physical Therapy’s dividend payout ratio (DPR) is 45.28%.

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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