U.S. Physical Therapy (NYSE:USPH) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

U.S. Physical Therapy, Inc. (NYSE:USPH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $80.24 and traded as high as $81.44. U.S. Physical Therapy shares last traded at $80.24, with a volume of 51,239 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on USPH shares. JPMorgan Chase & Co. reduced their price objective on shares of U.S. Physical Therapy from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Citigroup reiterated a “market outperform” rating on shares of U.S. Physical Therapy in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of U.S. Physical Therapy in a research note on Wednesday, October 8th. Wall Street Zen downgraded U.S. Physical Therapy from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $103.00 target price on shares of U.S. Physical Therapy in a research note on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.33.

U.S. Physical Therapy Trading Up 0.3%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average is $79.31 and its 200-day moving average is $80.24. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 3.71 and a beta of 1.32.

U.S. Physical Therapy (NYSE:USPH) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.90 earnings per share for the quarter. U.S. Physical Therapy had a net margin of 5.71% and a return on equity of 8.62%. The business had revenue of $140.66 million during the quarter. Research analysts anticipate that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current fiscal year.

U.S. Physical Therapy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, November 17th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, November 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. U.S. Physical Therapy’s dividend payout ratio is currently 75.63%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of USPH. Parallel Advisors LLC raised its stake in shares of U.S. Physical Therapy by 90.6% in the 2nd quarter. Parallel Advisors LLC now owns 448 shares of the company’s stock valued at $35,000 after acquiring an additional 213 shares during the period. Cullen Frost Bankers Inc. raised its position in U.S. Physical Therapy by 171.8% in the second quarter. Cullen Frost Bankers Inc. now owns 443 shares of the company’s stock valued at $35,000 after purchasing an additional 280 shares during the period. Advisory Services Network LLC acquired a new position in U.S. Physical Therapy during the third quarter worth $39,000. EverSource Wealth Advisors LLC boosted its position in shares of U.S. Physical Therapy by 68.8% during the third quarter. EverSource Wealth Advisors LLC now owns 471 shares of the company’s stock worth $40,000 after buying an additional 192 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of U.S. Physical Therapy by 35.7% in the 2nd quarter. Assetmark Inc. now owns 570 shares of the company’s stock valued at $45,000 after buying an additional 150 shares during the period.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc (NYSE: USPH) is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.

In addition to traditional rehabilitation services, U.S.