Oppenheimer Asset Management Inc. Acquires 3,166 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Oppenheimer Asset Management Inc. grew its holdings in U.S. Physical Therapy, Inc. (NYSE:USPH) by 14.4% in the third quarter, Holdings Channel reports. The firm owned 25,140 shares of the company’s stock after buying an additional 3,166 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in U.S. Physical Therapy were worth $2,128,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Silvercrest Asset Management Group LLC bought a new stake in U.S. Physical Therapy in the 1st quarter worth about $8,158,000. Harbor Capital Advisors Inc. raised its holdings in shares of U.S. Physical Therapy by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 7,584 shares of the company’s stock valued at $701,000 after purchasing an additional 5,652 shares during the last quarter. Vanguard Group Inc. lifted its position in U.S. Physical Therapy by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,072,602 shares of the company’s stock valued at $121,065,000 after purchasing an additional 10,175 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in U.S. Physical Therapy by 5.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,642 shares of the company’s stock worth $1,423,000 after purchasing an additional 696 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in U.S. Physical Therapy by 18.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,188 shares of the company’s stock worth $110,000 after purchasing an additional 186 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America restated 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. StockNews.com upgraded U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Barrington Research reiterated an “outperform” rating and issued a $108.00 price objective on shares of U.S. Physical Therapy in a research note on Thursday, November 7th.

Insider Activity at U.S. Physical Therapy

In other U.S. Physical Therapy news, Director Nancy Ham sold 1,172 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $96.72, for a total value of $113,355.84. Following the completion of the sale, the director now owns 1,112 shares in the company, valued at approximately $107,552.64. This represents a 51.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Graham D. Reeve sold 1,724 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $82.50, for a total value of $142,230.00. Following the completion of the transaction, the chief operating officer now owns 7,038 shares in the company, valued at $580,635. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,620 shares of company stock worth $799,170. 1.70% of the stock is owned by company insiders.

U.S. Physical Therapy Price Performance

Shares of U.S. Physical Therapy stock opened at $90.00 on Friday. The stock’s fifty day moving average is $84.19 and its 200 day moving average is $91.09. U.S. Physical Therapy, Inc. has a one year low of $76.18 and a one year high of $113.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.88 and a current ratio of 1.78. The stock has a market cap of $1.36 billion, a P/E ratio of 95.74, a P/E/G ratio of 4.08 and a beta of 1.38.

U.S. Physical Therapy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.96%. U.S. Physical Therapy’s payout ratio is currently 187.23%.

U.S. Physical Therapy 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.