USPHNYSEServices-Health ServicesFiscal year ends December 31
U S PHYSICAL THERAPY INC /NV
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$83.91−1.80 (-2.10%)
Close on Oct 19, 2026
- Market cap
- $1.26B
- P/E (TTM)
- 59.1
- Dividend yield
- 2.15%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
16M of 15M shares
Institutional holders
217
29 new, 36 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
5 buys · 5 sales
Net sold $173.34K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Copeland Capital Management, LLC | 940,528 | 6.30% | 13G (passive) | Sep 30, 2026 |
| Kayne Anderson Rudnick Investment Management, LLC | 846,674 | 5.60% | 13G (passive) amendment | Jun 30, 2026 |
| Copeland Capital Management | 841,544 | 5.53% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Capital Management | 777,590 | 5.14% | 13G (passive) | Mar 31, 2026 |
| T. Rowe Price Investment Management, Inc. | 761,260 | 5.10% | 13G (passive) | Feb 14, 2024 |
| Bahl & Gaynor Inc | 653,986 | 5.10% | 13G (passive) | Jan 15, 2026 |
| BlackRock, Inc. | 2,162,136 | 14.20% | 13G (passive) amendment | Jun 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of USPH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,264,202 | 15.17% | $155.51M | +55,691 | 0.00% |
| Bahl & Gaynor Inc | 861,574 | 5.77% | $59.17M | +16,186 | 0.27% |
| Kayne Anderson Rudnick Investment Management LLC | 846,674 | 5.67% | $58.15M | −219,182 | 0.18% |
| Copeland Capital Management, LLC | 841,544 | 5.64% | $57.80M | +4,713 | 1.19% |
| State Street Corp | 707,186 | 4.74% | $48.58M | +58,799 | 0.00% |
| Morgan Stanley | 698,690 | 4.68% | $47.99M | −303,778 | 0.00% |
| Vanguard Capital Management LLC | 674,195 | 4.52% | $46.30M | +10,133 | 0.00% |
| Neuberger Berman Group LLC | 598,894 | 4.01% | $41.13M | +589,645 | 0.03% |
| American Century Companies Inc | 558,818 | 3.74% | $38.38M | +222,371 | 0.02% |
| Southernsun Asset Management, LLC | 527,765 | 3.54% | $36.25M | +87,861 | 4.88% |
| Dimensional Fund Advisors LP | 513,913 | 3.44% | $35.30M | +6,519 | 0.01% |
| William Blair Investment Management, LLC | 436,996 | 2.93% | $30.01M | +59,133 | 0.09% |
| Schroder Investment Management Group | 433,745 | 2.91% | $29.85M | +177,230 | 0.02% |
| Geode Capital Management, LLC | 385,726 | 2.58% | $26.50M | +19,771 | 0.00% |
| Boston Trust Walden Corp | 381,125 | 2.55% | $26.18M | −18,984 | 0.20% |
| GW&K Investment Management, LLC | 359,176 | 2.41% | $24.67K | −9,502 | 0.19% |
| Vanguard Portfolio Management LLC | 329,161 | 2.21% | $22.61M | +16,852 | 0.00% |
| Bank Of America Corp /De/ | 282,192 | 1.89% | $19.38M | −272,429 | 0.00% |
| Northern Trust Corp | 230,937 | 1.55% | $15.86M | +20,009 | 0.00% |
| Envestnet Asset Management Inc | 204,339 | 1.37% | $14.03M | −68,770 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 217 | 16M | 100.0% | 29 / 70 | 88 / 36 | 2M | 2M |
| Q1 2026 | 229 | 16M | 100.0% | 28 / 82 | 79 / 22 | 2M | 1M |
| Q4 2025 | 228 | 16M | 100.0% | 18 / 76 | 101 / 33 | 1M | 1M |
| Q3 2025 | 246 | 16M | 100.0% | 37 / 87 | 86 / 29 | 2M | 1M |
| Q2 2025 | 240 | 16M | 100.0% | 25 / 100 | 77 / 36 | 2M | 1M |
| Q1 2025 | 253 | 15M | 100.0% | 27 / 82 | 112 / 25 | 1M | 1M |
| Q4 2024 | 255 | 16M | 100.0% | 29 / 104 | 78 / 29 | 1M | 1M |
| Q3 2024 | 257 | 16M | 100.0% | 34 / 100 | 82 / 18 | 3M | 1M |
| Q2 2024 | 243 | 15M | 100.0% | 32 / 90 | 83 / 22 | 1M | 4M |
| Q1 2024 | 235 | 18M | 100.0% | 37 / 82 | 78 / 14 | 2M | 0M |
| Q4 2023 | 212 | 17M | 100.0% | 23 / 75 | 75 / 26 | 2M | 1M |
| Q3 2023 | 217 | 15M | 100.0% | 29 / 75 | 81 / 24 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of USPH | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 917,097 | 6.15% | $62.99M | 0.06% | Jun 30, 2026 |
| Bahl & Gaynor Small/Mid Cap Income Growth ETF | 581,135 | 3.89% | $39.91M | 2.74% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 484,591 | 3.25% | $33.28M | 0.00% | Jun 30, 2026 |
| Small Cap Growth Fund | 424,530 | 2.84% | $33.56M | 0.60% | Jul 31, 2026 |
| iShares Russell 2000 ETF | 396,021 | 2.65% | $27.20M | 0.03% | Jun 30, 2026 |
| Virtus KAR Small-Cap Growth Fund | 393,615 | 2.64% | $27.03M | 4.38% | Jun 30, 2026 |
| Fidelity Small Cap Value Fund | 331,622 | 2.22% | $26.22M | 0.48% | Jul 31, 2026 |
| Calvert Small Cap Fund | 296,159 | 1.98% | $20.34M | 1.59% | Jun 30, 2026 |
| SouthernSun Small Cap Fund | 177,081 | 1.19% | $12.16M | 4.74% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 174,374 | 1.17% | $11.98M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 166,149 | 1.11% | $13.14M | 0.04% | Jul 31, 2026 |
| William Blair Small Cap Growth Fund | 148,872 | 1.00% | $10.22M | 0.83% | Jun 30, 2026 |
| Select Health Care Services Portfolio | 142,708 | 0.96% | $9.17M | 1.14% | May 31, 2026 |
| Boston Trust Walden Small Cap Fund | 140,220 | 0.94% | $9.63M | 0.91% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 139,591 | 0.94% | $9.59M | 0.06% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Christopher J. Reading | Chairman of the Board and CEO, Director | 139,088 | 0.93% | Feb 25, 2026 |
| Nchacha Etta | EVP & Chief Financial Officer | 6,831 | 0.05% | Sep 15, 2026 |
| Richard Binstein | EVP Gen'l Counsel & Secretary | 24,417 | 0.16% | Aug 24, 2026 |
| Eric Joseph Williams | President and COO | 39,617 | 0.27% | Aug 24, 2026 |
| Graham D. Reeve | COO | 28,554 | 0.19% | Aug 24, 2026 |
| Jason Travis Curtis | Interim CFO | 3,853 | 0.03% | Aug 24, 2026 |
| Carey P. Hendrickson | Chief Financial Officer | 27,808 | 0.19% | Mar 10, 2026 |
| Peter Francis Minan | Director | 3,217 | 0.02% | Sep 14, 2026 |
| Anne Motsenbocker | Director | 9,812 | 0.07% | May 28, 2026 |
| Bernard A. Harris Jr | Director | 20,914 | 0.14% | May 28, 2026 |
| Regg E. Swanson | Director | 23,088 | 0.15% | May 28, 2026 |
| Kathleen A. Gilmartin | Director | 27,092 | 0.18% | May 28, 2026 |
| Nancy Ham | Director | 1,994 | 0.01% | Sep 11, 2025 |
| Michael Glasser Mayrsohn | Director | 18,358 | 0.12% | May 21, 2025 |
| Clayton Trier | Director | 8,306 | 0.06% | May 21, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Nchacha Etta EVP & Chief Financial Officer | Sep 14, 2026 | Award | +6,831 | – | – | 6,831 |
| Peter Francis Minan Director | Sep 11, 2026 | Buy | +5.27 | $79.00 | $416 | 3,217 |
| Graham D. Reeve COO | Aug 20, 2026 | Tax withholding | −762 | $78.00 | $59.44K | 28,554 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Aug 20, 2026 | Tax withholding | −450 | $78.00 | $35.10K | 24,417 |
| Jason Travis Curtis Interim CFO | Aug 20, 2026 | Tax withholding | −40 | $78.00 | $3.12K | 3,853 |
| Eric Joseph Williams President and COO | Aug 20, 2026 | Tax withholding | −714 | $78.00 | $55.69K | 39,617 |
| Peter Francis Minan Director | Jun 12, 2026 | Buy | +0.87 | $66.50 | $58 | 3,212 |
| Peter Francis Minan Director | Jun 9, 2026 | Buy | +288 | $61.50 | $17.71K | 3,211 |
| Peter Francis Minan Director | Jun 8, 2026 | Buy | +492 | $63.14 | $31.06K | 2,923 |
| Jason Travis Curtis Interim CFO | May 20, 2026 | Tax withholding | −40 | $62.24 | $2.49K | 3,893 |
| Graham D. Reeve COO | May 20, 2026 | Tax withholding | −762 | $62.24 | $47.43K | 29,316 |
| Kathleen A. Gilmartin Director | May 19, 2026 | Award | +2,306 | – | – | 27,092 |
| Peter Francis Minan Director | May 19, 2026 | Award | +2,306 | – | – | 2,431 |
| Anne Motsenbocker Director | May 19, 2026 | Award | +2,306 | – | – | 9,812 |
| Regg E. Swanson Director | May 19, 2026 | Award | +2,306 | – | – | 15,492 |
| Bernard A. Harris Jr Director | May 19, 2026 | Award | +2,306 | – | – | 20,914 |
| Bernard A. Harris Jr Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 20,914 |
| Anne Motsenbocker Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 9,812 |
| Peter Francis Minan Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 2,431 |
| Kathleen A. Gilmartin Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 27,092 |
| Regg E. Swanson Director | May 19, 2026 | Award | +2,306 | $61.61 | $142.07K | 15,492 |
| Graham D. Reeve COO | Mar 11, 2026 | Sale | −662 | $78.86 | $52.21K | 30,078 |
| Graham D. Reeve COO | Mar 9, 2026 | Sale | −1 | $78.52 | $79 | 0 |
| Carey P. Hendrickson Chief Financial Officer | Mar 9, 2026 | Returned to company | −10,000 | – | – | 27,808 |
| Graham D. Reeve COO | Mar 6, 2026 | Sale | −1,807 | $82.25 | $148.63K | 1 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Mar 6, 2026 | Sale | −3,000 | $81.64 | $244.92K | 24,867 |
| Eric Joseph Williams President and COO | Feb 23, 2026 | Award | +15,000 | – | – | 40,331 |
| Christopher J. Reading Chairman of the Board and CEO, Director | Feb 23, 2026 | Award | +25,000 | – | – | 139,088 |
| Carey P. Hendrickson Chief Financial Officer | Feb 23, 2026 | Award | +10,000 | – | – | 37,808 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Feb 23, 2026 | Award | +10,000 | – | – | 27,867 |
| Graham D. Reeve COO | Feb 23, 2026 | Award | +10,000 | – | – | 30,740 |
| Graham D. Reeve COO | Nov 24, 2025 | Sale | −743 | $71.01 | $52.76K | 20,740 |
| Kathleen A. Gilmartin Director | Nov 20, 2025 | Buy | +4,000 | $69.00 | $276.00K | 24,786 |
| Nancy Ham Director | Sep 11, 2025 | Sale | −600 | $81.71 | $49.03K | 1,994 |
| Eric Joseph Williams President and COO | Sep 5, 2025 | Sale | −1,000 | $85.25 | $85.25K | 25,331 |
| Christopher J. Reading Chairman of the Board and CEO, Director | Sep 4, 2025 | Sale | −2,000 | $83.53 | $167.06K | 114,088 |
| Carey P. Hendrickson Chief Financial Officer | Aug 25, 2025 | Sale | −698 | $86.11 | $60.10K | 27,808 |
| Graham D. Reeve COO | Aug 21, 2025 | Sale | −763 | $84.97 | $64.83K | 21,483 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Aug 19, 2025 | Returned to company | −2,000 | $84.79 | $169.58K | 17,867 |
| Graham D. Reeve COO | Aug 11, 2025 | Sale | −1,792 | $86.57 | $155.13K | 22,246 |
| Nancy Ham Director | Jun 12, 2025 | Sale | −400 | $78.01 | $31.20K | 2,594 |
| Graham D. Reeve COO | May 21, 2025 | Sale | −530 | $78.08 | $41.38K | 17,244 |
| Eric Joseph Williams President and COO | May 21, 2025 | Sale | −633 | $78.09 | $49.43K | 26,331 |
| Regg E. Swanson Director | May 20, 2025 | Award | +1,882 | – | – | 13,186 |
| Anne Motsenbocker Director | May 20, 2025 | Award | +1,882 | – | – | 7,506 |
| Kathleen A. Gilmartin Director | May 20, 2025 | Award | +1,882 | – | – | 20,786 |
| Nancy Ham Director | May 20, 2025 | Award | +1,882 | – | – | 2,994 |
| Clayton Trier Director | May 20, 2025 | Award | +1,882 | – | – | 8,306 |
| Bernard A. Harris Jr Director | May 20, 2025 | Award | +1,882 | – | – | 18,608 |
| Carey P. Hendrickson Chief Financial Officer | Mar 11, 2025 | Gift | −63 | – | – | 28,506 |
| Graham D. Reeve COO | Mar 7, 2025 | Sale | −1,730 | $82.11 | $142.05K | 7,168 |
| Christopher J. Reading Chairman of the Board and CEO, Director | Feb 24, 2025 | Award | +20,250 | – | – | 116,088 |
| Graham D. Reeve COO | Feb 24, 2025 | Award | +8,100 | – | – | 19,192 |
| Eric Joseph Williams President and COO | Feb 24, 2025 | Award | +12,150 | – | – | 26,964 |
| Carey P. Hendrickson Chief Financial Officer | Feb 24, 2025 | Award | +8,100 | – | – | 28,569 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Feb 24, 2025 | Award | +8,100 | – | – | 19,867 |
| Carey P. Hendrickson Chief Financial Officer | Dec 9, 2024 | Sale | −516 | $96.25 | $49.67K | 20,469 |
| Richard Binstein EVP Gen'l Counsel & Secretary | Nov 25, 2024 | Returned to company | −1,128 | $98.52 | $111.13K | 11,767 |
| Bernard A. Harris Jr Director | Nov 12, 2024 | Sale | −2,000 | $92.95 | $185.90K | 16,726 |
| Clayton Trier Director | Nov 8, 2024 | Sale | −2,000 | $95.78 | $191.56K | 6,424 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Reeve Graham affiliate | Mar 11, 2026 | 1,964 | $154.69K | Mar 11, 2026 | Vesting of Restricted Stock Grants |
| Binstein Richard Affilitate | Mar 6, 2026 | 3,000 | $244.91K | Mar 6, 2026 | Vesting of restricted stock grants - Grants issued through 8/20/25 |
| Reeve Graham COO | Mar 6, 2026 | 1,808 | $148.69K | Mar 6, 2026 | Compensation |
| D. Reeve Graham Affiliate | Nov 24, 2025 | 743 | $52.76K | Nov 21, 2025 | Vesting of Restricted Stock Grants - Grants issued from 08/16/2021 through 02/24/2025) |
| Ham Nancy Affiliate | Sep 11, 2025 | 600 | $49.03K | Sep 11, 2025 | Vesting of Restricted Stock Grants - Grants issued from 05/16/2023 through 05/20/2025) |
| Williams Eric Officer | Sep 5, 2025 | 1,000 | $85.25K | Sep 5, 2025 | Shares obtained through Employee Stock Purchase Plan |
| Reading Chris Director, Officer | Sep 4, 2025 | 2,000 | $165.13K | Sep 4, 2025 | Rest Stock Grants |
| Carey P. Hendrickson Affiliate | Aug 25, 2025 | 700 | $60.12K | Aug 25, 2025 | Employee Compensation |
| Reeve Graham Affiliate | Aug 21, 2025 | 763 | $64.83K | Aug 21, 2025 | Vesting of Restricted STock Grants - Grants issued from 08/16/2021 - 02/24/2025) |
| Binstein Richard Affiliate | Aug 19, 2025 | 2,000 | $169.57K | Aug 19, 2025 | Vesting of Restricted stock Grants issued from 8/16/2021 through 2/24/2025 |
| Reeve Graham Affiliate | Aug 11, 2025 | 1,792 | $155.12K | Aug 11, 2025 | Vesting of Restricted STock Grants - Grants issued from 08/16/2021 - 02/24/2025) |
| Nancy Ham Director | Jun 12, 2025 | 400 | $31.43K | Jun 12, 2025 | Stock Award |
| Joseph Williams Eric affiliate | May 21, 2025 | 633 | $49.43K | May 21, 2025 | Vesting of Restricted stock Grants issued from 08/16/21- 02/24/25 |
| D. Reeve Graham affiliate | May 21, 2025 | 530 | $41.39K | May 21, 2025 | Vesting of Restricted stock Grants issued from 08/16/21- 02/24/25 |
| Graham D. Reeve COO | Mar 7, 2025 | 1,730 | $142.05K | Mar 7, 2025 | Compensation |