Select Medical Holdings Co. (NYSE:SEM) Stake Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in Select Medical Holdings Co. (NYSE:SEM) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,850 shares of the health services provider’s stock after selling 2,633 shares during the quarter. Russell Investments Group Ltd.’s holdings in Select Medical were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Select Medical by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 416,299 shares of the health services provider’s stock valued at $14,516,000 after purchasing an additional 36,905 shares during the period. Argent Capital Management LLC raised its position in shares of Select Medical by 79.8% during the 4th quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider’s stock worth $1,039,000 after buying an additional 24,471 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Select Medical by 1,309.5% during the fourth quarter. American Century Companies Inc. now owns 137,169 shares of the health services provider’s stock valued at $2,586,000 after acquiring an additional 127,437 shares during the period. Sanctuary Advisors LLC boosted its stake in Select Medical by 122.8% during the 4th quarter. Sanctuary Advisors LLC now owns 52,175 shares of the health services provider’s stock valued at $1,035,000 after purchasing an additional 28,759 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Select Medical by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider’s stock worth $239,640,000 after buying an additional 131,228 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho started coverage on shares of Select Medical in a report on Wednesday, April 16th. They issued an “outperform” rating and a $25.00 price target for the company. Benchmark upgraded shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada dropped their price target on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. UBS Group decreased 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. Finally, StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.80.

Select Medical Trading Down 5.3 %

NYSE SEM opened at $15.49 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.64 and a beta of 1.38. The firm’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $22.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical Holdings Co. has a twelve month low of $14.99 and a twelve month high of $40.98.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share 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 during the quarter, compared to analyst estimates of $1.50 billion. Equities analysts anticipate 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 dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical’s dividend payout ratio is currently 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.