Victory Capital Management Inc. Has $2.92 Million Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

Victory Capital Management Inc. reduced its holdings in U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 13.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,508 shares of the company's stock after selling 5,257 shares during the quarter. Victory Capital Management Inc. owned 0.23% of U.S. Physical Therapy worth $2,920,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Aigen Investment Management LP bought a new stake in U.S. Physical Therapy in the 3rd quarter valued at $316,000. State of New Jersey Common Pension Fund D raised its stake in shares of U.S. Physical Therapy by 26.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,594 shares of the company's stock valued at $1,997,000 after purchasing an additional 4,902 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of U.S. Physical Therapy by 1.0% in the third quarter. Principal Financial Group Inc. now owns 79,817 shares of the company's stock valued at $6,755,000 after purchasing an additional 766 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of U.S. Physical Therapy by 113.4% during the third quarter. Harbor Capital Advisors Inc. now owns 16,188 shares of the company's stock worth $1,370,000 after buying an additional 8,604 shares during the period. Finally, Cambiar Investors LLC grew its holdings in shares of U.S. Physical Therapy by 31.3% during the third quarter. Cambiar Investors LLC now owns 26,655 shares of the company's stock worth $2,256,000 after buying an additional 6,350 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com raised U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research report on Wednesday, August 21st. Bank of America reaffirmed a "neutral" rating and issued a $90.00 target price (down previously from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th. Finally, Barrington Research reissued an "outperform" rating and set a $108.00 price target on shares of U.S. Physical Therapy in a research report on Thursday.

U.S. Physical Therapy Stock Performance

U.S. Physical Therapy stock traded up $0.89 during trading hours on Friday, hitting $97.83. The company had a trading volume of 179,231 shares, compared to its average volume of 131,964. U.S. Physical Therapy, Inc. has a one year low of $76.18 and a one year high of $113.63. The firm has a market cap of $1.48 billion, a PE ratio of 104.07, a PEG ratio of 4.42 and a beta of 1.38. The firm has a 50-day moving average of $85.22 and a 200 day moving average of $90.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.78 and a quick ratio of 1.78.

U.S. Physical Therapy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.76 annualized dividend and a dividend yield of 1.80%. U.S. Physical Therapy's dividend payout ratio (DPR) is presently 187.23%.

Insider Buying and Selling

In related news, Director Bernard A. Harris, Jr. sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $92.95, for a total transaction of $185,900.00. Following the sale, the director now owns 16,726 shares in the company, valued at approximately $1,554,681.70. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nancy Ham sold 1,172 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $96.72, for a total value of $113,355.84. Following the completion of the sale, the director now directly owns 1,112 shares in the company, valued at approximately $107,552.64. This represents a 51.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,896 shares of company stock valued at $656,940. 1.70% of the stock is owned by company insiders.

About U.S. Physical Therapy

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.