Empowered Funds LLC Takes Position in Select Medical Holdings Co. (NYSE:SEM)

Empowered Funds LLC acquired a new position in Select Medical Holdings Co. (NYSE:SEM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 313,170 shares of the health services provider’s stock, valued at approximately $5,903,000. Empowered Funds LLC owned 0.24% of Select Medical as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SEM. Point72 Asset Management L.P. increased its stake in shares of Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after purchasing an additional 1,216,263 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Select Medical in the 3rd quarter valued at approximately $9,710,000. LMR Partners LLP bought a new stake in Select Medical during the 3rd quarter valued at $6,139,000. Barclays PLC boosted its position in Select Medical by 396.0% during the 3rd quarter. Barclays PLC now owns 192,357 shares of the health services provider’s stock worth $6,707,000 after acquiring an additional 153,576 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Select Medical by 6.7% during the third quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock valued at $82,208,000 after purchasing an additional 147,032 shares during the period. 89.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SEM shares. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group lowered their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Royal Bank of Canada increased their price target on Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.50.

Select Medical Stock Up 1.4 %

SEM stock opened at $18.99 on Wednesday. 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 firm has a market cap of $2.46 billion, a PE ratio of 8.87, a P/E/G ratio of 0.65 and a beta of 1.45. Select Medical Holdings Co. has a 12 month low of $18.02 and a 12 month high of $40.98. The firm has a 50 day simple moving average of $19.33 and a 200 day simple moving average of $29.04.

Insider Activity

In related news, Director Marilyn B. Tavenner sold 32,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total value of $674,880.00. Following the completion of the sale, the director now owns 22,000 shares in the company, valued at approximately $463,980. This represents a 59.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert G. Breighner, Jr. sold 4,989 shares of Select Medical stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $19.95, for a total transaction of $99,530.55. Following the transaction, the vice president now owns 30,356 shares in the company, valued at approximately $605,602.20. The trade was a 14.12 % 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.

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.