The health care industry has long been a bastion of interest among investors the world over owing to its ever-expanding need for innovative solutions. As such, it comes as no surprise that Everence Capital Management Inc., a premier investment manager reputed for delivering top-notch financial solutions to its clients, has taken advantage of this opportunity to acquire shares in U.S. Physical Therapy, Inc. (NYSE:USPH).
According to the company’s filing with the SEC on their most recent acquisition during Q1 2021, Everence Capital Management purchased 2,080 shares of USPH stock valued at approximately $204,000.
USPH is renowned for operating outpatient physical therapy clinics offering advanced pre- and post-operative care and orthopedic-related disorder treatment services; sports-related injury prevention and rehabilitation; injury compensation therapy for industrial workers; neurological injury treatment services. A portfolio that’s nothing short of enviable.
On Monday this week during trading sessions on the New York Stock Exchange(NYSE), USPH opened at $115.07 per share with a market capitalization of $1.50 billion.
Impressively, the firm boasts a quick ratio of 1.30 and a current ratio also standing at 1.30 depicting formidable liquidity capabilities despite fierce competition within a highly-regulated industry.
In conclusion, analysts remain bullish following USPH’s strong financials alongside notable liquidity considerations that are crucial in maintaining resilient operations while deploying services for maximum impact and returns for stakeholders.
Through continued focus on providing exceptional outpatient physical therapy solutions to deserving customers and efficient portfolio management techniques by accomplished firms like Everence Capital Management Inc., USPH is set to scale up profitability exponentially while positioning itself in quintessential market leadership position in years ahead.
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U.S. Physical Therapy Gains Attention from Institutional Investors and Hedge Funds
U.S. Physical Therapy, a leading provider of outpatient physical therapy clinics has recently gained the attention of institutional investors and hedge funds. Among these, Fifth Third Bancorp increased its holdings in U.S. Physical Therapy by 13.4% during the fourth quarter and now owns 916 shares worth $74,000 after acquiring an additional 108 shares during this period.
Additionally, Arizona State Retirement System managed to raise its position in the company’s shares by 3.9% also during the fourth quarter, resulting in ASRS owning 3,669 shares of U.S Physical Therapy valued at $297,000 following acquisition of an additional 139 shares.
True North Advisors LLC similarly increased its stake with USPH by 4.2% through purchasing an additional 148 shares during the same period to make up a total holding worth $297,000 consisting of a very impressive stock worth. Finally Advisor Group Holdings Inc., as it recently raised its stake in USPH by as much as 1.3%.
This outstanding performance is helped along by several highly sympathizing reports such as that from Barrington Research analysts who have raised their price objective on U.S. Physical Therapy from a previous estimate of $110.00 to $116.00 which is expected to encourage other investors towards buying USPH stock.
Furthermore StockNews.com intimated coverage for U.S Physical Therapy inside their report released on May 18th; mentioning specific notes on issues related to the current report reflecting that there was no immediate risk or changes needed at this time thus what looked like one analyst’s pessimism proved not to be the case.
The Street considered U.S Physical Therapy around under average: going ahead and raising it from C+ rating to B- rating back last May.
U.S Physical Therapy also declared a quarterly dividend earlier this year; paying shareholders on record before May 25th a share dividend totaling forty-three cents ($0.43). This took place officially on June 9th while the ex-dividend that applied was May 17th. The result is an annualized dividend of $1.72 and a dividend yield totaling an impressive 1.49%. This payout ratio denotes a company in a healthy position financially who is able to reward their investors with generous dividend payments.
Overall, things have been looking great for the company as they posted impressive earnings during their latest report released back in May. For now, things look positive for U.S Physical Therapy as analysts are predicting strong earnings this fiscal year. During its latest report, the company reported $0.59 earnings per share which showed an impressive beat by 7 cents against consensus estimates; additionally, the firm’s revenue was also up by over 12% YoY (year-over-year).
As of now, we’ll need to wait and see how USPH performs amid these regulatory updates but thus far they seem like they’re on a solid path towards growth and investor success as the number of acquisitions show that institutional investors believe USPH has significant upside potential overall given its holdings make it perfect for investment opportunities moving forward in one way or another given corporate finance developments internationally suggest promising results ongoingly supporting this conclusion.