Knights of Columbus Asset Advisors LLC Raises Position in Select Medical Holdings Co. (NYSE:SEM)

Knights of Columbus Asset Advisors LLC raised its stake in Select Medical Holdings Co. (NYSE:SEM) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,744 shares of the health services provider’s stock after purchasing an additional 4,409 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.06% of Select Medical worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kingsview Wealth Management LLC bought a new position in Select Medical during the third quarter valued at $1,927,000. JPMorgan Chase & Co. raised its position in 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Select Medical in the third quarter worth about $1,592,000. Argent Capital Management LLC increased its holdings in shares of Select Medical by 79.8% in the fourth 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 during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Select Medical by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock worth $85,180,000 after buying an additional 46,880 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SEM has been the topic of several research reports. UBS Group cut their price objective 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. Royal Bank of Canada decreased their price objective on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Select Medical Stock Performance

Select Medical stock opened at $16.55 on Friday. The company has a 50 day moving average price of $18.59 and a 200-day moving average price of $25.62. 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 fifty-two week low of $16.20 and a fifty-two week high of $40.98. The company has a market capitalization of $2.13 billion, a PE ratio of 10.03, a P/E/G ratio of 0.64 and a beta of 1.56.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. As a group, equities analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a yield of 1.51%. Select Medical’s dividend payout ratio is presently 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.