Fred Alger Management LLC Sells 9,677 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Fred Alger Management LLC reduced its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,620 shares of the company's stock after selling 9,677 shares during the quarter. Fred Alger Management LLC owned 1.17% of U.S. Physical Therapy worth $16,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of U.S. Physical Therapy in the 2nd quarter worth about $28,000. Innealta Capital LLC bought a new stake in shares of U.S. Physical Therapy in the 2nd quarter worth about $30,000. Quest Partners LLC grew its holdings in shares of U.S. Physical Therapy by 2,808.3% in the 2nd quarter. Quest Partners LLC now owns 349 shares of the company's stock worth $32,000 after purchasing an additional 337 shares during the last quarter. Northwest Bank & Trust Co bought a new stake in shares of U.S. Physical Therapy in the 4th quarter worth about $37,000. Finally, Ridgewood Investments LLC bought a new stake in shares of U.S. Physical Therapy in the 2nd quarter worth about $51,000.

Insider Buying and Selling at U.S. Physical Therapy

In related news, COO Graham D. Reeve sold 1,724 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was 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 of the company's stock, valued at $580,635. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other U.S. Physical Therapy news, Director Kathleen A. Gilmartin bought 2,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $86.09 per share, for a total transaction of $172,180.00. Following the completion of the transaction, the director now directly owns 18,904 shares in the company, valued at approximately $1,627,445.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Graham D. Reeve sold 1,724 shares of U.S. Physical Therapy 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 approximately $580,635. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

U.S. Physical Therapy Stock Up 0.4 %

NYSE USPH traded up $0.31 during trading hours on Thursday, reaching $84.60. 56,196 shares of the company's stock were exchanged, compared to its average volume of 87,763. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 68.93, a price-to-earnings-growth ratio of 4.11 and a beta of 1.39. U.S. Physical Therapy, Inc. has a one year low of $78.08 and a one year high of $113.63. The company's 50-day moving average is $87.80 and its two-hundred day moving average is $96.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.88 and a current ratio of 1.88.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). U.S. Physical Therapy had a net margin of 4.06% and a return on equity of 8.18%. The business had revenue of $167.19 million for the quarter, compared to analyst estimates of $163.34 million. During the same period in the prior year, the business earned $0.76 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that U.S. Physical Therapy, Inc. will post 2.51 EPS for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.08%. The ex-dividend date was Friday, August 23rd. U.S. Physical Therapy's dividend payout ratio is 143.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on USPH. StockNews.com raised shares of U.S. Physical Therapy from a "sell" rating to a "hold" rating in a report on Wednesday, August 21st. Barrington Research reissued an "outperform" rating and set a $108.00 price objective on shares of U.S. Physical Therapy in a report on Friday, September 20th.

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.