Spitfire Capital Lowers stake in U.S. Physical Therapy (USPH)

U.S. Physical Therapy (USPH) : Spitfire Capital reduced its stake in U.S. Physical Therapy by 4.58% during the most recent quarter end. The investment management company now holds a total of 222,741 shares of U.S. Physical Therapy which is valued at $12.5 Million after selling 10,698 shares in U.S. Physical Therapy , the firm said in a disclosure report filed with the SEC on May 13, 2016.U.S. Physical Therapy makes up approximately 5.85% of Spitfire Capital’s portfolio.

Other Hedge Funds, Including , Bryn Mawr Trust Co boosted its stake in USPH in the latest quarter, The investment management firm added 763 additional shares and now holds a total of 26,929 shares of U.S. Physical Therapy which is valued at $1.5 Million. U.S. Physical Therapy makes up approx 0.10% of Bryn Mawr Trust Co’s portfolio.

U.S. Physical Therapy closed down -0.33 points or -0.57% at $57.47 with 52,212 shares getting traded on Wednesday. Post opening the session at $57.74, the shares hit an intraday low of $57.29 and an intraday high of $58.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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