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

U.S. Physical Therapy (USPH) : Eqis Capital Management reduced its stake in U.S. Physical Therapy by 4.76% during the most recent quarter end. The investment management company now holds a total of 18,013 shares of U.S. Physical Therapy which is valued at $1,149,950 after selling 901 shares in U.S. Physical Therapy , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.U.S. Physical Therapy makes up approximately 0.07% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Ct Mason boosted its stake in USPH in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 47,749 shares of U.S. Physical Therapy which is valued at $3,048,296. U.S. Physical Therapy makes up approx 1.35% of Ct Mason’s portfolio.

U.S. Physical Therapy opened for trading at $62.65 and hit $62.86 on the upside on Tuesday, eventually ending the session at $62.55, with a gain of 0.10% or 0.06 points. The heightened volatility saw the trading volume jump to 1,36,461 shares. Company has a market cap of $783 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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