On August 22, 2023, it was reported that US Bancorp DE has increased its stake in U.S. Physical Therapy, Inc. (NYSE:USPH) by 10.6% during the first quarter of the year. According to their disclosure with the Securities and Exchange Commission, the fund now owns 11,265 shares of the company’s stock after purchasing an additional 1,081 shares in that period. At the end of the most recent quarter, US Bancorp DE owned 0.09% of U.S. Physical Therapy, amounting to a total worth of $1,103,000.
U.S. Physical Therapy is a well-known healthcare company that specializes in outpatient physical and occupational therapy services across the United States. With a strong presence in over forty states, it has become one of the leading providers in its field.
In terms of financial performance, U.S. Physical Therapy recently announced its earnings results for the second quarter on Tuesday, August 8th. The company reported earnings per share (EPS) of $0.76 for the quarter, surpassing the consensus estimate of $0.74 by $0.02.
During this period, U.S. Physical Therapy generated revenue amounting to $151.50 million, which slightly surpassed analysts’ expectations of $151.06 million. This represents a growth rate of 7.7% compared to the same quarter last year when their quarterly revenue was lower.
Overall, U.S. Physical Therapy’s net margin for this quarter stood at 5.25%, indicative of its ability to generate profits from its operations efficiently. Additionally, they posted a return on equity (ROE) of 9.22%, further exemplifying their profitability and effectiveness in managing shareholders’ investments.
Looking ahead into the current fiscal year, sell-side analysts expect U.S.Physical Therapy to post an estimated EPS figure of 2.68. This projection takes into account the company’s historical performance and prevailing market conditions.
US Bancorp DE’s decision to increase its stake in U.S.Physical Therapy indicates confidence in the company’s growth potential and future prospects. As a leading provider of physical and occupational therapy services, U.S.Physical Therapy has consistently demonstrated its ability to deliver positive financial results while expanding its market presence.
Investors and analysts will continue to monitor U.S.Physical Therapy’s performance closely as it strives to maintain its position as a key player in the healthcare industry. The company’s commitment to delivering quality outpatient therapy services sets the stage for continued success in meeting the evolving needs of patients across the country.
August 22, 2023
U.S. Physical Therapy Sees Boost in Investments from Institutional Investors and Hedge Funds
In recent months, several institutional investors and hedge funds have made significant moves in either increasing or reducing their stakes in U.S. Physical Therapy (USPH). One such investor is Lazard Asset Management LLC, which saw a staggering 754.7% increase in its holdings of U.S. Physical Therapy during the first quarter of this year. As a result, Lazard now owns 453 shares of the company’s stock worth approximately $45,000 after purchasing an additional 400 shares.
Another notable investor is Benjamin Edwards Inc., which experienced a boost of 133.0% in its holdings during the first quarter. Benjamin Edwards now owns 487 shares valued at around $48,000 after purchasing an additional 278 shares.
Furthermore, Ridgewood Investments LLC entered the market by acquiring a new position in U.S. Physical Therapy earlier this year, worth $54,000 during the first quarter.
Additionally, Captrust Financial Advisors significantly grew its position by 348.9% during the same period. Captrust Financial Advisors now holds 844 shares of U.S. Physical Therapy stock valued at $84,000 after acquiring an additional 656 shares.
Lastly, Tower Research Capital LLC TRC saw a growth of 99.3% during Q3 last year, bringing their current holdings to 1,616 shares valued at $123,000 after acquiring an additional 805 shares.
These investments indicate growing confidence among institutional investors and hedge funds regarding U.S. Physical Therapy’s future prospects.
Various equities research analysts have also provided insights on USPH recently. For instance, Barrington Research raised their price objective on U.S. Physical Therapy from $116 to $124 and granted the company an “outperform” rating on August 14th.
StockNews.com initiated coverage on USPH, giving it a “hold” rating in their research report on August 17th. Similarly, TheStreet upgraded U.S. Physical Therapy from a “c+” rating to a “b-” rating on May 5th.
Furthermore, Bank of America began coverage for U.S. Physical Therapy and assigned it a “buy” rating with a target price of $138 per share.
In other news, Director Edward L. Kuntz recently sold 1,000 shares of U.S. Physical Therapy stock on August 14th at an average price of $107.60 per share, resulting in a total value of $107,600. Following the transaction’s completion, Director Kuntz now owns 8,280 shares valued at approximately $890,928.
Moreover, COO Graham D. Reeve sold 4,114 shares for an average price of $109.99 per share on August 11th. Consequently, Reeve currently possesses 7,577 shares valued at approximately $833,394.
Throughout the last quarter alone, insiders at U.S. Physical Therapy unloaded a total of 6,114 company shares worth roughly $670,049. Company insiders currently hold about 1.80% of the company’s stock.
U.S. Physical Therapy opened its shares at $102.94 on Tuesday with a market capitalization of $1.54 billion and a P/E ratio of 53.34.
The company has exhibited strong financials and stability with a debt-to-equity ratio of only 0.29 and favorable liquidity ratios such as quick and current ratios both standing at 2.82.
U.S Physical Therapy’s stocks have seen fluctuations between their fifty-two-week low of $73.30 and high point reached at $124 during the same period.
These recent developments within institutional investors’ activities and analysts’ reports indicate an intriguing climate surrounding U.S Physical Therapy Inc. While the company remains subject to market fluctuations, its positive reception within the investment community suggests potential growth opportunities on the horizon.
Disclaimer: This article is intended for informational purposes only. The information provided does not constitute investment advice and should not be relied upon as such. Please consult with a qualified financial advisor or professional before making any investment decisions.
Source: beststocks.com
