Virtu Financial LLC Makes New Investment in Select Medical Holdings Co. (NYSE:SEM)

Virtu Financial LLC acquired a new stake in shares of Select Medical Holdings Co. (NYSE:SEM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,025 shares of the health services provider’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Select Medical by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock valued at $157,728,000 after buying an additional 95,578 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Select Medical by 2.0% during 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 acquiring an additional 46,880 shares during the period. Principal Financial Group Inc. lifted its position in Select Medical by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock valued at $82,208,000 after acquiring an additional 147,032 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Select Medical by 144.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock worth $71,825,000 after purchasing an additional 1,216,263 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Select Medical by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,646,320 shares of the health services provider’s stock worth $57,407,000 after purchasing an additional 24,439 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Select Medical news, VP Robert G. Breighner, Jr. sold 4,989 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total value of $99,530.55. Following the transaction, the vice president now directly owns 30,356 shares in the company, valued at $605,602.20. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marilyn B. Tavenner sold 32,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the completion of the transaction, the director now directly owns 22,000 shares in the company, valued at $463,980. The trade was a 59.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SEM shares. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada upped their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Benchmark downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a report on Monday, November 25th.

Select Medical Price Performance

Shares of NYSE SEM opened at $18.28 on Thursday. Select Medical Holdings Co. has a fifty-two week low of $18.06 and a fifty-two week high of $40.98. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.39 and a beta of 1.43. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $30.38 and a 200-day moving average of $33.45.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Select Medical Holdings Co. will post 1.97 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s dividend payout ratio is currently 23.36%.

Select Medical 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.