Bard Associates Inc Lowers stake in U.S. Physical Therapy (USPH)

U.S. Physical Therapy (USPH) : Bard Associates Inc reduced its stake in U.S. Physical Therapy by 0.72% during the most recent quarter end. The investment management company now holds a total of 83,383 shares of U.S. Physical Therapy which is valued at $4.7 Million after selling 605 shares in U.S. Physical Therapy , the firm said in a disclosure report filed with the SEC on May 12, 2016.U.S. Physical Therapy makes up approximately 2.58% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in USPH in the latest quarter, The investment management firm added 478 additional shares and now holds a total of 6,077 shares of U.S. Physical Therapy which is valued at $341,649.Teacher Retirement System Of Texas boosted its stake in USPH in the latest quarter, The investment management firm added 371 additional shares and now holds a total of 1,524 shares of U.S. Physical Therapy which is valued at $85,679.First Trust Advisors Lp boosted its stake in USPH in the latest quarter, The investment management firm added 31,809 additional shares and now holds a total of 38,807 shares of U.S. Physical Therapy which is valued at $2.2 Million. U.S. Physical Therapy makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Blackrock Fund Advisors reduced its stake in USPH by selling 10,868 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 865,580 shares of USPH which is valued at $48.7 Million. U.S. Physical Therapy makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.

U.S. Physical Therapy opened for trading at $57.5 and hit $57.87 on the upside on Friday, eventually ending the session at $57.6, with a gain of 0.65% or 0.37 points. The heightened volatility saw the trading volume jump to 64,491 shares. Company has a market cap of $720,173 M.

On the company’s financial health, U.S. Physical Therapy reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.39. The company had revenue of $86.90 million for the quarter, compared to analysts expectations of $83.84 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on U.S. Physical Therapy. Barrington Research Upgraded U.S. Physical Therapy on May 6, 2016 to ” Outperform”, Price Target of the shares are set at $58.U.S. Physical Therapy was Downgraded by Jefferies to ” Hold” on Mar 1, 2016.

U.S. Physical Therapy Inc. through its subsidiaries operates outpatient physical therapy clinics that 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. The Company primarily operates through subsidiary clinic partnerships in which it owns a 1% general partnership interest and a 64% limited partnership interest and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company provides services at its clinics on an outpatient basis. Patients are treated for approximately one hour per day two to three times a week for two to six weeks. The Company operates approximately 489 clinics in 42 states of the United States.

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