Bank of New York Mellon Corp Cuts Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Bank of New York Mellon Corp lessened its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,384,560 shares of the health services provider’s stock after selling 110,238 shares during the period. Bank of New York Mellon Corp’s holdings in Select Medical were worth $26,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SEM. 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. Principal Financial Group Inc. increased its position in Select Medical by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider’s stock valued at $45,310,000 after acquiring an additional 45,685 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after acquiring an additional 1,216,263 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Select Medical by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,646,320 shares of the health services provider’s stock worth $57,407,000 after acquiring an additional 24,439 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Select Medical by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider’s stock worth $41,184,000 after purchasing an additional 7,372 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, February 24th. UBS Group dropped their price objective on Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada reduced their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Select Medical Stock Performance

Shares of NYSE:SEM opened at $17.92 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $2.31 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. The firm’s 50 day simple moving average is $18.94 and its 200-day simple moving average is $26.87. Select Medical Holdings Co. has a one year low of $16.20 and a one year high of $40.98.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities analysts predict that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a yield of 1.40%. Select Medical’s payout ratio is 15.15%.

Select Medical 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.