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 0.32% during the most recent quarter end. The investment management company now holds a total of 83,113 shares of U.S. Physical Therapy which is valued at $5,086,516 after selling 270 shares in U.S. Physical Therapy , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.U.S. Physical Therapy makes up approximately 2.54% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , Netols Asset Management reduced its stake in USPH by selling 39,553 shares or 33.15% in the most recent quarter. The Hedge Fund company now holds 79,751 shares of USPH which is valued at $4,880,761. U.S. Physical Therapy makes up approx 1.07% of Netols Asset Management’s portfolio.Scout Investments reduced its stake in USPH by selling 7,050 shares or 7.26% in the most recent quarter. The Hedge Fund company now holds 90,120 shares of USPH which is valued at $5,521,652. U.S. Physical Therapy makes up approx 0.15% of Scout Investments’s portfolio.First Trust Advisors Lp reduced its stake in USPH by selling 32,335 shares or 83.32% in the most recent quarter. The Hedge Fund company now holds 6,472 shares of USPH which is valued at $396,151. Advisory Services Network sold out all of its stake in USPH during the most recent quarter. The investment firm sold 140 shares of USPH which is valued $8,240.Albert D Mason Inc boosted its stake in USPH in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 30,544 shares of U.S. Physical Therapy which is valued at $1,853,410. U.S. Physical Therapy makes up approx 1.13% of Albert D Mason Inc’s portfolio.

U.S. Physical Therapy opened for trading at $62.53 and hit $63.4599 on the upside on Tuesday, eventually ending the session at $63.25, with a gain of 1.39% or 0.87 points. The heightened volatility saw the trading volume jump to 56,759 shares. Company has a market cap of $792 M.

On the company’s financial health, U.S. Physical Therapy reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.55. The company had revenue of $90.40 million for the quarter, compared to analysts expectations of $90.37 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on U.S. Physical Therapy. U.S. Physical Therapy was Downgraded by Barrington Research to ” Mkt Perform” on Aug 5, 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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