Geode Capital Management LLC Reduces Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Geode Capital Management LLC trimmed its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,424,508 shares of the health services provider’s stock after selling 17,813 shares during the period. Geode Capital Management LLC owned about 1.87% of Select Medical worth $45,713,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after purchasing an additional 1,473 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Select Medical in the third quarter valued at $81,000. Virtu Financial LLC purchased a new position in Select Medical during the 3rd quarter valued at $210,000. Tidal Investments LLC bought a new position in Select Medical in the 3rd quarter worth $286,000. Finally, Cibc World Markets Corp bought a new stake in shares of Select Medical during the 4th quarter valued at about $191,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Select Medical Trading Up 1.0 %

Select Medical stock opened at $16.60 on Tuesday. Select Medical Holdings Co. has a 12 month low of $14.99 and a 12 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 business’s fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $23.33. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38.

Select Medical (NYSE:SEM) last announced its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Select Medical had a net margin of 3.23% and a return on equity of 14.04%. As a group, equities analysts predict 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 announced 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 annualized dividend and a yield of 1.51%. Select Medical’s dividend payout ratio is 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.