Vanguard Group Inc. Buys 342,496 Shares of Select Medical Holdings Co. (NYSE:SEM)

Vanguard Group Inc. grew its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,347,798 shares of the health services provider’s stock after buying an additional 342,496 shares during the quarter. Vanguard Group Inc. owned approximately 9.62% of Select Medical worth $290,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SEM. GAMMA Investing LLC acquired a new stake in Select Medical during the 4th quarter valued at $33,000. Watershed Asset Management L.L.C. increased its stake in shares of Select Medical by 8.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider’s stock valued at $253,000 after buying an additional 814 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Select Medical in the fourth quarter valued at about $288,000. Linden Thomas Advisory Services LLC lifted its position in Select Medical by 16.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,429 shares of the health services provider’s stock worth $292,000 after buying an additional 1,750 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Select Medical during the 4th quarter worth about $293,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SEM shares. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Royal Bank of Canada lifted their target price on Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $39.00 price target on shares of Select Medical in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

Insider Activity

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 19.14% of the stock is owned by company insiders.

Select Medical Stock Down 0.1 %

Shares of Select Medical stock opened at $35.06 on Friday. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $35.79. The business has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $28.95. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30. The stock has a market cap of $4.56 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.67 and a beta of 1.44.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, May 2nd. The health services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Research analysts predict that Select Medical Holdings Co. will post 2.1 EPS for the current year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Select Medical’s dividend payout ratio is 23.81%.

About Select Medical

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.