Oppenheimer Asset Management Inc. Raises Stock Holdings in U.S. Physical Therapy, Inc. (NYSE:USPH)

Oppenheimer Asset Management Inc. raised its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,140 shares of the company’s stock after buying an additional 3,166 shares during the period. Oppenheimer Asset Management Inc. owned about 0.17% of U.S. Physical Therapy worth $2,128,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in shares of U.S. Physical Therapy during the second quarter worth about $28,000. Innealta Capital LLC bought a new stake in shares of U.S. Physical Therapy in the 2nd quarter worth approximately $30,000. Quest Partners LLC increased its stake in shares of U.S. Physical Therapy by 2,808.3% during the second quarter. Quest Partners LLC now owns 349 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the period. Quarry LP raised its holdings in shares of U.S. Physical Therapy by 1,291.9% during the second quarter. Quarry LP now owns 515 shares of the company’s stock valued at $48,000 after acquiring an additional 478 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in U.S. Physical Therapy in the second quarter worth $51,000.

U.S. Physical Therapy Stock Performance

Shares of USPH stock opened at $90.00 on Friday. The company’s fifty day moving average price is $84.19 and its 200-day moving average price is $91.09. The stock has a market cap of $1.36 billion, a PE ratio of 95.74, a price-to-earnings-growth ratio of 4.08 and a beta of 1.38. The company has a current ratio of 1.78, a quick ratio of 1.88 and a debt-to-equity ratio of 0.27. U.S. Physical Therapy, Inc. has a 12 month low of $76.18 and a 12 month high of $113.63.

U.S. Physical Therapy Dividend Announcement

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, insider Eric Joseph Williams sold 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $95.84, for a total transaction of $191,680.00. Following the completion of the transaction, the insider now directly owns 14,814 shares in the company, valued at $1,419,773.76. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy Ham sold 1,172 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $96.72, for a total transaction of $113,355.84. Following the completion of the transaction, the director now owns 1,112 shares in the company, valued at approximately $107,552.64. The trade was a 51.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,620 shares of company stock worth $799,170. 1.70% of the stock is currently owned by company insiders.

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.