Shares are trading at $67.95 marginally over the 50 day moving average which is $62.80 and which is marginally over the 200 day moving average of $62.68. The 50 day moving average was up by +8.20% whereas the 200 day average was up by +8.41%. Trading volume for U.S. Physical Therapy, Inc. was 66K by the end of trading on Tuesday. Overall, volume was up 3.92% over the stocks normal daily volume.
Traders are feeling more bearish on U.S. Physical Therapy, Inc. of late as evidenced by the motion in short interest. The stock recorded a rise in short interest of 56.45% as of October 13, 2017 from the last reporting period. Short interest grew 125,336 over that timeframe. With short interest at 347,356 and short average daily volume at 70,595, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.03% on October 13.
U.S. Physical Therapy, Inc. (NYSE:USPH) has been the object of insider selling activity recently. Glenn Mcdowell, Chief Operating Officer reported the sale of 2,598 shares of USPH stock. The shares were sold on August 30th for a price of $57.01. The Chief Operating Officer now owns $1,723,754 of the stock according to the SEC filing. Chief Operating Officer Glenn Mcdowell sold 1,664 shares at a price of $59.87 on Tue the 22nd. That brings the Chief Operating Officer’s holdings to $1,965,772 as recorded in a recent Form 4 SEC filing.
These funds have shifted positions in (USPH). As of quarter end Victory Capital Management Inc had disposed of 1,055 shares trimming its position 6.3%. The value of the investment in U.S. Physical Therapy, Inc. decreased from $1,007,000 to $960,000 a change of $47,000 quarter over quarter. As of the end of the quarter Nationwide Fund Advisors had sold a total of 230 shares trimming its holdings by 1.3%. The value of the company’s investment in U.S. Physical Therapy, Inc. went from $1,106,000 to $1,111,000 a change of 0.5% for the reporting period.
As of the end of the quarter Parkside Financial Bank & Trust had bought a total of 3 shares growing its stake by 7.0%. The value of the investment in (USPH) went from $3,000 to $3,000 decreasing 0.0% since the last quarter. Aperio Group, LLC divested its holdings by selling 407 shares a decrease of 8.0% as of 09/30/2017. Aperio Group, LLC now controls 4,652 shares valued at $286,000. The total value of its holdings decreased 6.5%.
Equity analyst Cantor Fitzgerald began coverage of USPH by announcing an initial rating of “Overweight”.
In the market the company is trading up by 2.10% since yesterday’s close of $67.95. U.S. Physical Therapy, Inc. recently declared a dividend which was paid on Friday September 8th, 2017. The dividend payment was $0.200 per share for the quarter which is $0.80 annualized. This dividend represents a yield of $1.18. The ex-dividend date was set for Thursday the 17th of August 2017.
The P/E ratio is currently 43.01 and the market value is 854.88M. As of the last earnings report the EPS was $1.58 and is estimated to be $2.12 for the current year with 12,581,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.51 and the next full year EPS is projected to be $2.37.
U.S. Physical Therapy, Inc., launched on April 1, 1992, through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The Business’s segment is made up of various clinics within partnerships. The Company primarily operates through subsidiary clinic partnerships, in which it owns a general partnership interest and a limited partnership interest, and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company operates approximately 510 clinics in over 40 states. There are approximately 380 clinics operated under Clinic Partnerships and over 100 operated as Company-owned Facilities. In addition to its owned clinics, it also manages physical therapy facilities for third-parties, primarily physicians, with over 20 third-party facilities under management. The Company operates clinics in Tennessee, Texas, Michigan, Virginia, Washington, Maryland, Georgia, Pennsylvania and Wisconsin..