Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in Select Medical Holdings Co. (NYSE:SEM) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,819 shares of the health services provider’s stock after selling 3,919 shares during the period. Illinois Municipal Retirement Fund’s holdings in Select Medical were worth $1,406,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC acquired a new position in shares of Select Medical in the third quarter worth about $25,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Select Medical during the 3rd quarter worth about $29,000. Covestor Ltd raised its position in shares of Select Medical by 74.9% during the 3rd quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock worth $108,000 after purchasing an additional 1,838 shares during the last quarter. CI Investments Inc. acquired a new position in shares of Select Medical during the 3rd quarter worth about $147,000. Finally, Sigma Planning Corp acquired a new position in shares of Select Medical during the 3rd quarter worth about $209,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Insider Activity

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the sale, the chairman now owns 6,689,668 shares of the company’s stock, valued at approximately $200,021,073.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 19.14% of the company’s stock.

Select Medical Stock Up 0.2 %

Shares of NYSE SEM opened at $27.44 on Friday. Select Medical Holdings Co. has a 12-month low of $21.28 and a 12-month high of $33.51. The stock has a market cap of $3.52 billion, a PE ratio of 14.37, a P/E/G ratio of 1.08 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32. The company has a 50-day moving average of $28.24 and a 200 day moving average of $25.74.

Select Medical (NYSE:SEM) last announced its quarterly earnings data on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Select Medical had a net margin of 3.65% and a return on equity of 16.93%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company earned $0.22 EPS. Select Medical’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.50 annualized dividend and a dividend yield of 1.82%. Select Medical’s dividend payout ratio (DPR) is 26.18%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Benchmark restated a “buy” rating and set a $39.00 price target on shares of Select Medical in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.40.

Select Medical Company Profile

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.