LSV Asset Management Cuts Stock Position in Select Medical Holdings Co. (NYSE:SEM)

LSV Asset Management lowered its stake in Select Medical Holdings Co. (NYSE:SEM) by 46.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 803,017 shares of the health services provider’s stock after selling 689,315 shares during the period. LSV Asset Management owned 0.63% of Select Medical worth $24,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SEM. Graham Capital Management L.P. purchased a new stake in Select Medical during the 3rd quarter valued at $881,000. Vanguard Group Inc. boosted its stake in Select Medical by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,005,302 shares of the health services provider’s stock valued at $303,374,000 after purchasing an additional 64,373 shares during the last quarter. Denali Advisors LLC boosted its stake in Select Medical by 337.9% during the 4th quarter. Denali Advisors LLC now owns 63,783 shares of the health services provider’s stock valued at $1,499,000 after purchasing an additional 49,218 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Select Medical by 1.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,310 shares of the health services provider’s stock valued at $1,112,000 after buying an additional 858 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in shares of Select Medical during the 4th quarter valued at $1,236,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

SEM stock traded up $0.51 during mid-day trading on Friday, reaching $37.51. The company’s stock had a trading volume of 449,483 shares, compared to its average volume of 589,411. The company’s 50 day moving average is $34.29 and its two-hundred day moving average is $29.75. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $37.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.30. The stock has a market cap of $4.88 billion, a PE ratio of 17.86, a P/E/G ratio of 1.70 and a beta of 1.43.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, May 2nd. The health services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.55 by $0.22. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Equities research analysts expect that Select Medical Holdings Co. will post 2.1 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 15th. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analysts Forecast Growth

SEM has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Benchmark reiterated a “buy” rating and issued a $39.00 price target on shares of Select Medical in a research report on Friday, May 3rd. Finally, StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

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.