Credit Industriel ET Commercial bought a new stake in shares of Select Medical Holdings Corporation (NYSE:SEM – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 167,503 shares of the health services provider’s stock, valued at approximately $2,729,000. Credit Industriel ET Commercial owned about 0.14% of Select Medical at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Select Medical by 8.5% in the 1st quarter. Royal Bank of Canada now owns 95,771 shares of the health services provider’s stock worth $1,599,000 after acquiring an additional 7,502 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Select Medical by 96.6% during the first quarter. AQR Capital Management LLC now owns 33,894 shares of the health services provider’s stock worth $566,000 after purchasing an additional 16,656 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Select Medical by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,400 shares of the health services provider’s stock valued at $1,075,000 after purchasing an additional 2,809 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Select Medical during the first quarter valued at about $220,000. Finally, Goldman Sachs Group Inc. boosted its position in Select Medical by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 728,689 shares of the health services provider’s stock worth $12,169,000 after purchasing an additional 147,183 shares during the period. Institutional investors own 89.48% of the company’s stock.
Select Medical Price Performance
Shares of SEM stock opened at $16.51 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $16.99. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01. The firm’s 50 day moving average is $16.52 and its 200-day moving average is $15.99.
Select Medical Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.25 dividend on an annualized basis and a yield of 1.5%. Select Medical’s dividend payout ratio is presently 23.58%.
Analysts Set New Price Targets
A number of analysts have commented on the company. Wall Street Zen downgraded Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings upgraded shares of Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Zacks Research raised Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Mizuho reiterated a “neutral” rating and issued a $16.50 price objective (down from $17.00) on shares of Select Medical in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Select Medical currently has a consensus rating of “Hold” and an average price target of $15.50.
Check Out Our Latest Analysis on SEM
Select Medical Company Profile
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.
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