U.S. Physical Therapy (NYSE:USPH) Stock Breaks Above 200-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of U.S. Physical Therapy, Inc. (NYSE:USPH – Get Free Report) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $73.68 and traded as high as $85.55. U.S. Physical Therapy shares last traded at $84.7440, with a volume of 143,467 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on USPH. Barrington Research lifted their target price on shares of U.S. Physical Therapy from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Citizens Jmp reaffirmed a “market outperform” rating and set a $98.00 price target on shares of U.S. Physical Therapy in a report on Wednesday, June 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of U.S. Physical Therapy in a research note on Wednesday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of U.S. Physical Therapy from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, September 11th. Finally, Citigroup restated a “market outperform” rating on shares of U.S. Physical Therapy in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.25.

Check Out Our Latest Research Report on USPH

U.S. Physical Therapy Stock Up 1.5%

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.26 billion, a P/E ratio of 498.52, a P/E/G ratio of 2.15 and a beta of 1.12. The business has a 50-day moving average price of $80.72 and a 200-day moving average price of $73.68.

U.S. Physical Therapy (NYSE:USPH – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.06). The business had revenue of $214.06 million for the quarter, compared to analysts’ expectations of $211.36 million. U.S. Physical Therapy had a net margin of 3.97% and a return on equity of 9.39%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. On average, equities analysts forecast that U.S. Physical Therapy, Inc. will post 2.89 EPS for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 21st. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently 1,082.35%.

Institutional Trading of U.S. Physical Therapy

Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in shares of U.S. Physical Therapy by 6.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,381 shares of the company’s stock worth $253,000 after purchasing an additional 212 shares during the period. CWC Advisors LLC. increased its position in shares of U.S. Physical Therapy by 5.8% during the first quarter. CWC Advisors LLC. now owns 4,402 shares of the company’s stock worth $330,000 after buying an additional 240 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of U.S. Physical Therapy by 4.5% during the 1st quarter. Personal CFO Solutions LLC now owns 6,759 shares of the company’s stock worth $509,000 after buying an additional 290 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in U.S. Physical Therapy by 4.3% in the first quarter. Illinois Municipal Retirement Fund now owns 8,016 shares of the company’s stock valued at $601,000 after acquiring an additional 332 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of U.S. Physical Therapy by 75.2% in the first quarter. Parallel Advisors LLC now owns 785 shares of the company’s stock worth $59,000 after purchasing an additional 337 shares during the last quarter.

About U.S. Physical Therapy

(Get Free Report)

U.S. Physical Therapy, Inc is a healthcare services company that operates outpatient physical therapy clinics throughout the United States. The company provides rehabilitation services for patients recovering from injuries, surgeries, illnesses and other conditions that affect movement, strength or physical function.

In addition to operating clinics, U.S. Physical Therapy develops partnerships with physical therapists and physician groups through management arrangements. The company provides administrative and business support, including billing, information systems, human resources, marketing and compliance services, while clinical care is delivered by licensed healthcare professionals.

The company also provides industrial injury prevention and rehabilitation services to employers and their workforces.

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