Harbor Capital Advisors Inc. Grows Stock Position in U.S. Physical Therapy, Inc. (NYSE:USPH)

Harbor Capital Advisors Inc. grew its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH) by 292.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,584 shares of the company’s stock after buying an additional 5,652 shares during the period. Harbor Capital Advisors Inc. owned 0.05% of U.S. Physical Therapy worth $701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC purchased a new stake in U.S. Physical Therapy in the 1st quarter worth approximately $8,158,000. Southernsun Asset Management LLC grew its position in U.S. Physical Therapy by 5.9% during the fourth quarter. Southernsun Asset Management LLC now owns 479,214 shares of the company’s stock worth $44,634,000 after buying an additional 26,758 shares in the last quarter. Norden Group LLC increased its stake in U.S. Physical Therapy by 1,841.6% in the 1st quarter. Norden Group LLC now owns 63,938 shares of the company’s stock worth $7,217,000 after acquiring an additional 60,645 shares during the last quarter. Semanteon Capital Management LP bought a new position in U.S. Physical Therapy in the 4th quarter worth about $767,000. Finally, Vanguard Group Inc. raised its holdings in shares of U.S. Physical Therapy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,072,602 shares of the company’s stock valued at $121,065,000 after acquiring an additional 10,175 shares in the last quarter.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $122.00 target price on shares of U.S. Physical Therapy in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.50.

U.S. Physical Therapy Trading Down 1.0 %

Shares of USPH traded down $0.88 during mid-day trading on Wednesday, reaching $89.72. The company’s stock had a trading volume of 53,629 shares, compared to its average volume of 81,252. U.S. Physical Therapy, Inc. has a 52 week low of $78.08 and a 52 week high of $120.65. The stock has a market cap of $1.35 billion, a PE ratio of 72.86, a P/E/G ratio of 3.68 and a beta of 1.38. The company’s fifty day moving average price is $95.33 and its two-hundred day moving average price is $100.08. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.28.

U.S. Physical Therapy (NYSE:USPH) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.07). The business had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $153.30 million. U.S. Physical Therapy had a net margin of 4.72% and a return on equity of 8.03%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, analysts predict that U.S. Physical Therapy, Inc. will post 2.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other U.S. Physical Therapy news, insider Eric Joseph Williams sold 2,500 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $104.22, for a total value of $260,550.00. Following the transaction, the insider now owns 16,814 shares in the company, valued at $1,752,355.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other U.S. Physical Therapy news, insider Eric Joseph Williams sold 2,500 shares of U.S. Physical Therapy stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $104.22, for a total transaction of $260,550.00. Following the sale, the insider now directly owns 16,814 shares of the company’s stock, valued at approximately $1,752,355.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Graham D. Reeve sold 1,724 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.46, for a total value of $181,813.04. Following the completion of the sale, the chief operating officer now directly owns 6,970 shares in the company, valued at $735,056.20. The disclosure for this sale can be found here. Insiders have sold 10,724 shares of company stock valued at $1,114,385 in the last ninety days. Company 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.