1 week Ago By Defense World Staff
Sei Investments Co. cut its stake in shares of Select Medical Holdings Co. ( NYSE:SEM – Free Report ) by 4.
6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,681 shares of the health services provider’s stock after selling 2,903 shares during the period. Sei Investments Co.
’s holdings in Select Medical were worth $1,144,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of SEM. JPMorgan Chase & Co.
increased its position in Select Medical by 9.7% during the third quarter. JPMorgan Chase & Co.
now owns 416,299 shares of the health services provider’s stock valued at $14,516,000 after acquiring an additional 36,905 shares during the last quarter. Argent Capital Management LLC grew its stake in shares of Select Medical by 79.8% during the 4th quarter.
Argent Capital Management LLC now owns 55,144 shares of the health services provider’s stock valued at $1,039,000 after purchasing an additional 24,471 shares during the period. Geode Capital Management LLC increased its position in shares of Select Medical by 2.0% during the 3rd quarter.
Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after purchasing an additional 46,880 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Select Medical by 122.8% in the 4th quarter.
Sanctuary Advisors LLC now owns 52,175 shares of the health services provider’s stock worth $1,035,000 after purchasing an additional 28,759 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Select Medical by 66.0% in the fourth quarter.
Wedge Capital Management L L P NC now owns 118,049 shares of the health services provider’s stock worth $2,225,000 after buying an additional 46,925 shares during the last quarter. 89.48% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In A number of analysts have commented on SEM shares. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, February 24th.
UBS Group reduced their price objective on Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd.
Royal Bank of Canada lowered their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th.
Finally, StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
Based on data from MarketBeat, Select Medical has a consensus rating of “Moderate Buy” and a consensus price target of $27.25. Select Medical Stock Performance Shares of NYSE SEM opened at $15.
69 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.
13 and a quick ratio of 1.13. Select Medical Holdings Co.
has a 1 year low of $14.99 and a 1 year high of $40.98.
The firm has a fifty day moving average price of $17.99 and a 200-day moving average price of $24.16.
The stock has a market cap of $2.02 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.
64 and a beta of 1.38. Select Medical ( NYSE:SEM – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th.
The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.
11). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.
50 billion. Select Medical had a net margin of 3.23% and a return on equity of 14.
04%. Equities analysts anticipate that Select Medical Holdings Co. will post 1.
17 earnings per share for the current fiscal year. Select Medical Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a $0.
0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.
25 annualized dividend and a yield of 1.59%. Select Medical’s payout ratio is 15.
15%. Select Medical Profile ( Free Report ) Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.
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