Southernsun Asset Management LLC Acquires 52,062 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Southernsun Asset Management LLC increased its stake in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,111 shares of the company's stock after purchasing an additional 52,062 shares during the quarter. U.S. Physical Therapy comprises about 5.5% of Southernsun Asset Management LLC's portfolio, making the stock its 7th biggest position. Southernsun Asset Management LLC owned 3.62% of U.S. Physical Therapy worth $46,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of U.S. Physical Therapy in the second quarter worth about $28,000. Innealta Capital LLC bought a new position in U.S. Physical Therapy in the second quarter valued at approximately $30,000. Quest Partners LLC boosted 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 buying an additional 337 shares during the period. Quarry LP increased its position 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 worth $48,000 after acquiring an additional 478 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of U.S. Physical Therapy during the second quarter worth $51,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Bank of America reaffirmed a "neutral" rating and set a $90.00 price target (down previously from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th. Barrington Research restated an "outperform" rating and set a $108.00 target price on shares of U.S. Physical Therapy in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of U.S. Physical Therapy from $117.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research note on Wednesday, August 21st.

U.S. Physical Therapy Stock Down 1.0 %

Shares of NYSE:USPH traded down $0.99 during midday trading on Friday, hitting $96.63. The stock had a trading volume of 23,267 shares, compared to its average volume of 93,044. The company has a market cap of $1.46 billion, a P/E ratio of 103.85, a PEG ratio of 4.48 and a beta of 1.46. U.S. Physical Therapy, Inc. has a 12 month low of $76.18 and a 12 month high of $113.63. The business's 50-day simple moving average is $87.80 and its 200-day simple moving average is $90.36. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.

U.S. Physical Therapy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 15th. U.S. Physical Therapy's dividend payout ratio (DPR) is presently 187.23%.

Insider Transactions at U.S. Physical Therapy

In other U.S. Physical Therapy news, insider Eric Joseph Williams sold 2,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $95.84, for a total value of $191,680.00. Following the transaction, the insider now directly owns 14,814 shares in the company, valued at $1,419,773.76. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy Ham sold 1,172 shares of the firm'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 sale, the director now owns 1,112 shares of the company's stock, valued at approximately $107,552.64. This represents a 51.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,896 shares of company stock worth $656,940 in the last ninety days. Insiders own 1.70% of the company's stock.

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.