U.S. Physical Therapy (NYSE:USPH) Stock Price Passes Above 200 Day Moving Average – Here’s Why

U.S. Physical Therapy, Inc. (NYSE:USPH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.21 and traded as high as $83.55. U.S. Physical Therapy shares last traded at $82.2960, with a volume of 191,652 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on USPH shares. Weiss Ratings restated a “hold (c)” rating on shares of U.S. Physical Therapy in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of U.S. Physical Therapy from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. Citigroup reaffirmed a “market outperform” rating on shares of U.S. Physical Therapy in a research report on Monday, December 15th. Finally, Barrington Research reiterated an “outperform” rating and issued a $103.00 target price on shares of U.S. Physical Therapy in a report on Monday, January 5th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, U.S. Physical Therapy currently has an average rating of “Moderate Buy” and an average price target of $105.33.

U.S. Physical Therapy Stock Down 0.3%

The business’s fifty day moving average is $80.09 and its two-hundred day moving average is $81.21. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.40 and a beta of 1.29. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

U.S. Physical Therapy (NYSE:USPH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $197.13 million during the quarter, compared to analysts’ expectations of $193.98 million. U.S. Physical Therapy had a net margin of 5.71% and a return on equity of 8.62%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Equities analysts forecast that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current fiscal year.

U.S. Physical Therapy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, November 17th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 17th. U.S. Physical Therapy’s payout ratio is presently 75.63%.

Institutional Investors Weigh In On U.S. Physical Therapy

A number of hedge funds have recently bought and sold shares of USPH. Royal Bank of Canada increased its stake in shares of U.S. Physical Therapy by 3.4% during the first quarter. Royal Bank of Canada now owns 79,238 shares of the company’s stock worth $5,733,000 after buying an additional 2,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in U.S. Physical Therapy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,897 shares of the company’s stock worth $644,000 after acquiring an additional 391 shares in the last quarter. Jane Street Group LLC increased its position in shares of U.S. Physical Therapy by 249.3% in the 1st quarter. Jane Street Group LLC now owns 49,309 shares of the company’s stock valued at $3,568,000 after purchasing an additional 35,191 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of U.S. Physical Therapy in the 2nd quarter valued at $341,000. Finally, State of Alaska Department of Revenue lifted its position in shares of U.S. Physical Therapy by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,039 shares of the company’s stock worth $706,000 after purchasing an additional 675 shares during the last quarter.

U.S. Physical Therapy Company Profile

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.