Howe & Rusling Inc. Boosts Stock Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

Howe & Rusling Inc. boosted its holdings in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,864 shares of the company’s stock after purchasing an additional 893 shares during the quarter. Howe & Rusling Inc.’s holdings in U.S. Physical Therapy were worth $412,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have issued reports on USPH shares. Barrington Research reaffirmed an “outperform” rating and set a $108.00 target price on shares of U.S. Physical Therapy in a research report on Thursday, November 7th. StockNews.com raised U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Bank of America reiterated a “neutral” rating and issued a $90.00 target price (down from $114.00) on shares of U.S. Physical Therapy in a report on Monday, October 7th.

Insiders Place Their Bets

In other news, Director Bernard A. Harris, Jr. sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $92.95, for a total transaction of $185,900.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Graham D. Reeve sold 1,724 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $96.29, for a total value of $166,003.96. Following the completion of the transaction, the chief operating officer now owns 7,106 shares of the company’s stock, valued at $684,236.74. This trade represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,896 shares of company stock valued at $656,940. 1.70% of the stock is currently owned by corporate insiders.

U.S. Physical Therapy Stock Performance

Shares of USPH opened at $94.17 on Thursday. U.S. Physical Therapy, Inc. has a 12 month low of $76.18 and a 12 month high of $113.63. The stock has a fifty day moving average price of $84.68 and a 200-day moving average price of $90.85. 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 firm has a market cap of $1.42 billion, a PE ratio of 100.18, a P/E/G ratio of 4.10 and a beta of 1.38.

U.S. Physical Therapy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 15th. U.S. Physical Therapy’s dividend payout ratio is presently 187.23%.

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.