Corebridge Financial Inc. Reduces Stock Holdings in Select Medical Holdings Corporation $SEM

Corebridge Financial Inc. lowered its position in Select Medical Holdings Corporation (NYSE:SEM) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,410 shares of the health services provider’s stock after selling 1,098 shares during the quarter. Corebridge Financial Inc.’s holdings in Select Medical were worth $942,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in Select Medical by 151.0% during the first quarter. SG Americas Securities LLC now owns 37,684 shares of the health services provider’s stock worth $629,000 after buying an additional 22,671 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Select Medical by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,450 shares of the health services provider’s stock worth $403,000 after buying an additional 7,871 shares during the period. Janney Montgomery Scott LLC purchased a new position in Select Medical during the first quarter worth about $416,000. GAMMA Investing LLC boosted its stake in Select Medical by 217.4% during the first quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock worth $109,000 after buying an additional 4,453 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in shares of Select Medical during the first quarter worth about $460,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group reissued a “neutral” rating and set a $14.00 price target (down previously from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Select Medical has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Select Medical Stock Up 0.6%

Shares of SEM opened at $13.09 on Friday. The stock has a market capitalization of $1.62 billion, a PE ratio of 12.35, a P/E/G ratio of 0.53 and a beta of 1.25. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15. The company’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $15.33.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, July 31st. The health services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. Analysts forecast that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.25 annualized dividend and a yield of 1.9%. Select Medical’s dividend payout ratio (DPR) is 23.58%.

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.