Arrowstreet Capital Limited Partnership Sells 83,150 Shares of Select Medical Holdings Co. (NYSE:SEM)

Arrowstreet Capital Limited Partnership decreased its position in Select Medical Holdings Co. (NYSE:SEM) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 744,350 shares of the health services provider’s stock after selling 83,150 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.57% of Select Medical worth $14,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SEM. BNP Paribas Financial Markets raised its stake in Select Medical by 141.0% during the third quarter. BNP Paribas Financial Markets now owns 26,720 shares of the health services provider’s stock valued at $932,000 after purchasing an additional 15,635 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Select Medical by 14.7% during the 3rd quarter. Janus Henderson Group PLC now owns 54,021 shares of the health services provider’s stock valued at $1,883,000 after buying an additional 6,922 shares in the last quarter. Quarry LP bought a new position in shares of Select Medical in the 3rd quarter valued at about $30,000. Jane Street Group LLC increased its stake in Select Medical by 14.2% during the third quarter. Jane Street Group LLC now owns 127,504 shares of the health services provider’s stock worth $4,446,000 after acquiring an additional 15,827 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Select Medical during the third quarter valued at approximately $580,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SEM. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada lowered their target price 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. Finally, UBS Group cut their price target on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Select Medical Trading Down 2.2 %

NYSE SEM opened at $15.83 on Friday. Select Medical Holdings Co. has a 12 month low of $15.40 and a 12 month high of $40.98. The company’s 50-day moving average price is $18.09 and its 200-day moving average price is $24.45. The stock has a market cap of $2.04 billion, a PE ratio of 9.59, a PEG ratio of 0.64 and a beta of 1.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last issued its earnings results 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). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Equities research analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.58%. Select Medical’s dividend payout ratio is currently 15.15%.

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.