U.S. Physical Therapy, Inc. $USPH Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC increased its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 50.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 659,509 shares of the company’s stock after purchasing an additional 222,513 shares during the quarter. William Blair Investment Management LLC’s holdings in U.S. Physical Therapy were worth $56,540,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of U.S. Physical Therapy during the 2nd quarter worth approximately $155,505,000. Copeland Capital Management LLC increased its position in shares of U.S. Physical Therapy by 11.8% during the third quarter. Copeland Capital Management LLC now owns 940,528 shares of the company’s stock valued at $80,632,000 after acquiring an additional 98,984 shares during the last quarter. Bahl & Gaynor LLC increased its position in shares of U.S. Physical Therapy by 3.2% during the third quarter. Bahl & Gaynor LLC now owns 889,265 shares of the company’s stock valued at $76,237,000 after acquiring an additional 27,691 shares during the last quarter. Bank of America Corp DE increased its position in shares of U.S. Physical Therapy by 10.9% during the first quarter. Bank of America Corp DE now owns 554,621 shares of the company’s stock valued at $41,574,000 after acquiring an additional 54,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in U.S. Physical Therapy by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 507,394 shares of the company’s stock worth $38,035,000 after acquiring an additional 15,668 shares during the period.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barrington Research boosted their price objective on U.S. Physical Therapy from $110.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of U.S. Physical Therapy in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their target price on U.S. Physical Therapy from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of U.S. Physical Therapy in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $104.25.

U.S. Physical Therapy Stock Performance

Shares of USPH traded up $0.87 during mid-day trading on Friday, hitting $99.47. The stock had a trading volume of 148,432 shares, compared to its average volume of 191,591. U.S. Physical Therapy, Inc. has a 52 week low of $58.19 and a 52 week high of $101.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $86.32 and a 200-day moving average price of $77.39. The firm has a market cap of $1.48 billion, a P/E ratio of -73.68, a PEG ratio of 2.71 and a beta of 1.16.

U.S. Physical Therapy (NYSE:USPH) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. U.S. Physical Therapy had a return on equity of 10.19% and a net margin of 3.60%. The company had revenue of $222.56 million during the quarter, compared to the consensus estimate of $214.48 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that U.S. Physical Therapy, Inc. will post 2.87 EPS for the current year.

U.S. Physical Therapy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Monday, November 16th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, November 16th. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently -136.30%.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc. operates outpatient physical and occupational therapy clinics across the United States. Its clinics provide rehabilitation for musculoskeletal conditions, orthopedic injuries, sports-related injuries and recovery following surgery, along with other therapy services tailored to patients’ needs. Founded in 1990 and headquartered in Houston, Texas, the company also provides industrial injury prevention and related services to employers. Its clinic network serves communities in multiple states, with care delivered through local therapy practices.