Select Medical Holdings Co. (NYSE:SEM) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,712,990 shares of the health services provider’s stock after purchasing an additional 131,228 shares during the quarter. Vanguard Group Inc. owned 0.10% of Select Medical worth $239,640,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Select Medical by 2.0% during the 4th quarter. LPL Financial LLC now owns 31,441 shares of the health services provider’s stock valued at $593,000 after buying an additional 619 shares during the last quarter. Quarry LP purchased a new stake in Select Medical during the 3rd quarter worth about $30,000. Sippican Capital Advisors raised its stake in Select Medical by 7.3% in the 4th quarter. Sippican Capital Advisors now owns 13,354 shares of the health services provider’s stock valued at $252,000 after purchasing an additional 912 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Select Medical by 2.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 56,719 shares of the health services provider’s stock valued at $1,069,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Select Medical by 179.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock worth $43,000 after buying an additional 1,473 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group decreased their target price on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Monday, February 24th. 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 report on Monday, February 24th. Finally, StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Select Medical Trading Down 2.2 %

Shares of SEM opened at $15.83 on Friday. The stock’s fifty day simple moving average is $18.09 and its 200 day simple moving average is $24.37. Select Medical Holdings Co. has a twelve month low of $15.40 and a twelve month high of $40.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.04 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38.

Select Medical (NYSE:SEM) last posted its earnings results 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). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. On average, equities research analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio is presently 15.15%.

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.