U.S. Physical Therapy (NYSE:USPH) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

U.S. Physical Therapy, Inc. (NYSE:USPH) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

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

U.S. Physical Therapy Price Performance

The stock has a fifty day simple moving average of $79.13 and a 200-day simple moving average of $80.24. The company has a market capitalization of $1.22 billion, a PE ratio of 33.82, a P/E/G ratio of 3.72 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

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

U.S. Physical Therapy Dividend Announcement

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

Hedge Funds Weigh In On U.S. Physical Therapy

Several institutional investors have recently bought and sold shares of USPH. Envestnet Asset Management Inc. grew its holdings in shares of U.S. Physical Therapy by 9.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 346,160 shares of the company’s stock worth $27,070,000 after acquiring an additional 29,671 shares during the period. Index Fund Advisors Inc. purchased a new stake in U.S. Physical Therapy during the second quarter worth $352,000. Park Avenue Securities LLC acquired a new stake in U.S. Physical Therapy in the second quarter valued at $481,000. Geode Capital Management LLC increased its position in shares of U.S. Physical Therapy by 1.2% in the second quarter. Geode Capital Management LLC now owns 352,923 shares of the company’s stock valued at $27,602,000 after buying an additional 4,306 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of U.S. Physical Therapy during the 2nd quarter worth $341,000.

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.