Illinois Municipal Retirement Fund Lowers Stake in Select Medical Holdings Co. (NYSE:SEM)

Illinois Municipal Retirement Fund lowered its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,245 shares of the health services provider’s stock after selling 1,574 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Select Medical were worth $1,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Select Medical by 6.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock valued at $198,000 after purchasing an additional 405 shares during the last quarter. Watershed Asset Management L.L.C. grew its holdings in shares of Select Medical by 8.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider’s stock valued at $253,000 after purchasing an additional 814 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 858 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Select Medical by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 92,013 shares of the health services provider’s stock valued at $2,774,000 after purchasing an additional 1,230 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Select Medical during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Analysts Set New Price Targets

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

Select Medical Trading Up 1.3 %

Shares of NYSE:SEM traded up $0.49 on Friday, hitting $37.49. The company had a trading volume of 449,783 shares, compared to its average volume of 676,686. The firm’s 50-day simple moving average is $34.29 and its two-hundred day simple moving average is $29.75. Select Medical Holdings Co. has a 1 year low of $21.28 and a 1 year high of $37.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.78 and a beta of 1.43.

Select Medical (NYSE:SEM) last posted its 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Equities analysts anticipate that Select Medical Holdings Co. will post 2.1 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.125 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.33%. Select Medical’s dividend payout ratio is 23.81%.

About Select Medical

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.