Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Select Medical Holdings Corporation (NYSE:SEM – Free Report) by 183.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 77,251 shares of the health services provider’s stock after acquiring an additional 49,970 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.06% of Select Medical worth $1,258,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. grew its position in shares of Select Medical by 29.3% during the fourth quarter. Dana Investment Advisors Inc. now owns 678,545 shares of the health services provider’s stock worth $10,076,000 after acquiring an additional 153,924 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Select Medical by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 554,203 shares of the health services provider’s stock valued at $7,116,000 after buying an additional 109,788 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Select Medical in the third quarter worth about $1,466,000. Western Standard LLC raised its stake in Select Medical by 95.6% during the fourth quarter. Western Standard LLC now owns 2,064,021 shares of the health services provider’s stock valued at $30,651,000 after buying an additional 1,008,664 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in Select Medical during the 1st quarter worth $1,661,000. Institutional investors and hedge funds own 89.48% of the company’s stock.
Select Medical Stock Performance
Shares of SEM opened at $16.51 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.01. The business has a 50-day moving average of $16.53 and a 200 day moving average of $16.08. Select Medical Holdings Corporation has a fifty-two week low of $11.65 and a fifty-two week high of $16.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.15.
Select Medical Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.0625 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.25 annualized dividend and a yield of 1.5%. Select Medical’s payout ratio is presently 23.58%.
Wall Street Analysts Forecast Growth
SEM has been the topic of a number of recent analyst reports. Mizuho reaffirmed a “neutral” rating and set a $16.50 target price (down from $17.00) on shares of Select Medical in a research report on Tuesday, May 12th. Zacks Research raised shares of Select Medical from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.50.
View Our Latest Analysis on Select Medical
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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