What’s Propelling U.S. Physical Therapy, Inc. (USPH) to Reach 52-Week High?

April 24, 2018 - By Nellie Frank

U.S. Physical Therapy, Inc. (NYSE:USPH) Logo

Investors sentiment decreased to 1 in Q4 2017. Its down 0.29, from 1.29 in 2017Q3. It turned negative, as 21 investors sold U.S. Physical Therapy, Inc. shares while 46 reduced holdings. 22 funds opened positions while 45 raised stakes. 11.23 million shares or 3.00% more from 10.90 million shares in 2017Q3 were reported.
Kings Point Capital Management reported 28,096 shares. Fmr Limited Liability Corp stated it has 0% of its portfolio in U.S. Physical Therapy, Inc. (NYSE:USPH). Hotchkis & Wiley Capital Management Limited owns 11,707 shares for 0% of their portfolio. Thrivent Fin For Lutherans holds 0% or 7,834 shares in its portfolio. Great West Life Assurance Company Can holds 0% or 16,193 shares in its portfolio. Parametric Portfolio Assocs Lc holds 0% or 21,079 shares in its portfolio. 11,434 were reported by Us Bankshares De. Riverbridge Limited Company accumulated 334,978 shares. Mason Street Advsrs Ltd Liability Corp reported 0.01% stake. Bahl & Gaynor stated it has 27,335 shares or 0.02% of all its holdings. Jpmorgan Chase holds 0% or 29,348 shares. Btim Corporation invested 0.3% in U.S. Physical Therapy, Inc. (NYSE:USPH). Dimensional Fund Lp reported 496,538 shares. Renaissance Technologies Limited Company holds 0.05% of its portfolio in U.S. Physical Therapy, Inc. (NYSE:USPH) for 594,974 shares. Principal Financial Gp Incorporated has 0.01% invested in U.S. Physical Therapy, Inc. (NYSE:USPH).

Since December 12, 2017, it had 0 buys, and 11 insider sales for $4.22 million activity. $239,395 worth of U.S. Physical Therapy, Inc. (NYSE:USPH) was sold by McDowell Glenn. The insider Harris Bernard A Jr sold 6,000 shares worth $519,153. MCAFEE LAWRANCE W had sold 2,000 shares worth $172,120. Shares for $305,873 were sold by Trier Clayton. PULLINS JERALD L sold $527,894 worth of U.S. Physical Therapy, Inc. (NYSE:USPH) on Friday, March 9.

The stock of U.S. Physical Therapy, Inc. (NYSE:USPH) hit a new 52-week high and has $101.12 target or 7.00 % above today’s $94.50 share price. The 9 months bullish chart indicates low risk for the $1.20B company. The 1-year high was reported on Apr, 24 by Barchart.com. If the $101.12 price target is reached, the company will be worth $83.79 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.05% or $0.05 during the last trading session, reaching $94.5. About 16,075 shares traded. U.S. Physical Therapy, Inc. (NYSE:USPH) has risen 26.09% since April 24, 2017 and is uptrending. It has outperformed by 14.54% the S&P500.

Analysts await U.S. Physical Therapy, Inc. (NYSE:USPH) to report earnings on May, 3 before the open. They expect $0.55 earnings per share, up 7.84 % or $0.04 from last year’s $0.51 per share. USPH’s profit will be $6.97M for 42.95 P/E if the $0.55 EPS becomes a reality. After $0.49 actual earnings per share reported by U.S. Physical Therapy, Inc. for the previous quarter, Wall Street now forecasts 12.24 % EPS growth.

U.S. Physical Therapy, Inc. (NYSE:USPH) Ratings Coverage

Among 3 analysts covering US Physical Therapy (NYSE:USPH), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. US Physical Therapy had 3 analyst reports since November 2, 2017 according to SRatingsIntel. Cantor Fitzgerald maintained U.S. Physical Therapy, Inc. (NYSE:USPH) on Thursday, November 2 with “Buy” rating. Barrington downgraded U.S. Physical Therapy, Inc. (NYSE:USPH) on Friday, November 3 to “Hold” rating. As per Friday, February 23, the company rating was maintained by Jefferies.

U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics in the United States. The company has market cap of $1.20 billion. The Company’s clinics 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. It has a 53.69 P/E ratio. As of December 31, 2016, the firm owned and operated 540 outpatient physical therapy clinics in 42 states; and managed 20 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups.

U.S. Physical Therapy, Inc. (NYSE:USPH) Institutional Positions Chart

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