Shares of the company are trading at $65.90 which is just over $61.51, the 50 day moving average and which is slightly above the 200 day moving average of $62.54. The 50 day moving average was up by +7.13% and the 200 day average moved up $3.36. U.S. Physical Therapy, Inc. shares had a trading volume of 305 on Tuesday. Volume was down 99.76% under the stocks average daily volume.
Investors are feeling more bullish on shares of the company if you take note of the decrease in short interest. The company realized a fall in short interest of -10.14% as of the latest report on September 29, 2017. Short interest decreased 25,057 over that timeframe. With short interest at 222,020 and short average daily volume at 47,636, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.02% on September 29.
U.S. Physical Therapy, Inc. (NYSE:USPH) has been the object of insider selling activity recently. Chief Operating Officer Glenn Mcdowell disclosed the sale of 1,664 shares. The shares sold for $59.87. Mcdowell now owns $1,965,772 of the stock according to the SEC filing. Glenn Mcdowell, Chief Operating Officer sold $148,112 worth of shares at a price of $57.01 on Wed the 30th. That brings the Chief Operating Officer’s holdings to $1,723,754 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (USPH). As of quarter end State of Alaska, Department of Revenue had acquired a total of 30 shares growing its holdings by 1.2%. The value of the company’s investment in U.S. Physical Therapy, Inc. went from $148,000 to $152,000 increasing 2.7% quarter to quarter. Btim Corp. divested its ownership by shedding 900 shares a decrease of 1.2% in the quarter. Btim Corp. owns 75,300 shares valued at $4,627,000. The total value of its holdings increased 0.5%.
As of the end of the quarter Albert D Mason Inc had sold 7,465 shares trimming its stake by 51.6%. The value of the investment in USPH decreased from $874,000 to $430,000 a change of $444,000 since the last quarter. As of the end of the quarter Wealthtrust-arizona, LLC had acquired a total of 3 shares growing its position 2.9%. The value of the total investment in U.S. Physical Therapy, Inc. went from $6,000 to $7,000 a change of 16.7% quarter over quarter.
Cantor Fitzgerald began coverage of the stock setting a rating of “Overweight”.
In the market the company is trading unchanged by %% since yesterday’s close of 65.90. The company also announced a dividend for shareholders that was paid on Friday the 8th of September 2017. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. This dividend amount represented a yield of $1.23. The ex-dividend date was Thursday the 17th of August 2017.
The P/E ratio is 41.71 and market capitalization is 829.09M. As of the latest earnings report the EPS was $1.58 and is expected to be $2.12 for the current year with 12,581,000 shares 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..