U.S. Physical Therapy, Inc. (NYSE:USPH) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in U.S. Physical Therapy, Inc. (NYSE:USPH) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,162 shares of the company’s stock after selling 432 shares during the period. State of New Jersey Common Pension Fund D owned about 0.15% of U.S. Physical Therapy worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in USPH. KBC Group NV lifted its position in U.S. Physical Therapy by 68.6% in the third quarter. KBC Group NV now owns 774 shares of the company’s stock valued at $66,000 after purchasing an additional 315 shares during the period. Pacer Advisors Inc. purchased a new position in U.S. Physical Therapy in the fourth quarter valued at about $113,000. First Horizon Advisors Inc. increased its holdings in U.S. Physical Therapy by 25.1% in the third quarter. First Horizon Advisors Inc. now owns 1,486 shares of the company’s stock valued at $126,000 after buying an additional 298 shares in the last quarter. International Assets Investment Management LLC increased its holdings in U.S. Physical Therapy by 8,414.8% in the third quarter. International Assets Investment Management LLC now owns 2,299 shares of the company’s stock valued at $195,000 after buying an additional 2,272 shares in the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new position in U.S. Physical Therapy in the third quarter valued at about $212,000.

U.S. Physical Therapy Trading Down 2.5 %

Shares of U.S. Physical Therapy stock opened at $83.91 on Friday. 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, Inc. has a 1 year low of $76.18 and a 1 year high of $113.63. The company has a market capitalization of $1.27 billion, a P/E ratio of 89.26, a P/E/G ratio of 3.54 and a beta of 1.48. The business has a 50 day moving average price of $89.02 and a 200 day moving average price of $87.75.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USPH. JPMorgan Chase & Co. increased their target price on shares of U.S. Physical Therapy from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Citizens Jmp raised shares of U.S. Physical Therapy to a “strong-buy” rating in a report on Monday, December 16th. Barrington Research reaffirmed an “outperform” rating and issued a $108.00 target price on shares of U.S. Physical Therapy in a report on Thursday, November 21st. JMP Securities began coverage on shares of U.S. Physical Therapy in a report on Monday, December 16th. They issued an “outperform” rating and a $113.00 target price for the company. Finally, Bank of America raised shares of U.S. Physical Therapy from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $115.00 in a report on Monday, December 16th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $114.00.

Insider Buying and Selling

In other U.S. Physical Therapy news, CFO Carey P. Hendrickson sold 516 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $96.25, for a total value of $49,665.00. Following the completion of the transaction, the chief financial officer now directly owns 20,469 shares in the company, valued at approximately $1,970,141.25. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

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.