Select Medical Holdings Corporation $SEM Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Select Medical Holdings Corporation (NYSE:SEM) by 16.7% in the third quarter, HoldingsChannel reports. The firm owned 2,434,986 shares of the health services provider’s stock after selling 489,817 shares during the period. Principal Financial Group Inc.’s holdings in Select Medical were worth $31,265,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. MAI Capital Management grew its position in shares of Select Medical by 48,000.0% during the second quarter. MAI Capital Management now owns 2,405 shares of the health services provider’s stock worth $37,000 after buying an additional 2,400 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Select Medical by 20.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,784 shares of the health services provider’s stock valued at $74,000 after acquiring an additional 999 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Select Medical by 13.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,135 shares of the health services provider’s stock worth $108,000 after purchasing an additional 834 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Select Medical by 15.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,828 shares of the health services provider’s stock valued at $134,000 after purchasing an additional 1,208 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new position in shares of Select Medical during the third quarter worth about $137,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Select Medical Price Performance

Shares of SEM opened at $15.70 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $1.94 billion, a P/E ratio of 18.26, a PEG ratio of 0.54 and a beta of 1.25. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $19.90. The stock has a fifty day moving average price of $15.12 and a 200 day moving average price of $13.92.

Wall Street Analyst Weigh In

SEM has been the subject of several research analyst reports. Wall Street Zen raised Select Medical from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Select Medical in a report on Wednesday, January 21st. Mizuho set a $17.00 price objective on shares of Select Medical in a report on Monday, November 3rd. Finally, Benchmark reissued a “buy” rating on shares of Select Medical in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.80.

About Select Medical

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.