Pictet Asset Management Holding SA Has $315,000 Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Pictet Asset Management Holding SA raised its stake in Select Medical Holdings Co. (NYSE:SEM) by 27.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,733 shares of the health services provider’s stock after acquiring an additional 3,593 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Select Medical were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Select Medical by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider’s stock valued at $239,640,000 after acquiring an additional 131,228 shares during the period. Geode Capital Management LLC raised its holdings in 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 worth $85,180,000 after purchasing an additional 46,880 shares during the last quarter. Principal Financial Group Inc. lifted its position in Select Medical by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider’s stock valued at $45,310,000 after purchasing an additional 45,685 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Select Medical by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,656,320 shares of the health services provider’s stock valued at $31,222,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Select Medical during the 4th quarter worth approximately $29,556,000. 89.48% of the stock is owned by institutional investors.

Select Medical Price Performance

SEM opened at $16.36 on Friday. The company has a fifty day simple moving average of $17.63 and a 200 day simple moving average of $23.66. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market cap of $2.11 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a 12 month low of $14.99 and a 12 month high of $40.98.

Select Medical (NYSE:SEM) last released 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). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, research analysts expect 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 was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

Wall Street Analysts Forecast Growth

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

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.