Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lowered its stake in Select Medical Holdings Co. (NYSE:SEM) by 17.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,041 shares of the health services provider’s stock after selling 23,500 shares during the quarter. Huber Capital Management LLC owned about 0.08% of Select Medical worth $3,858,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SEM. Hexagon Capital Partners LLC raised its holdings in shares of Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after buying an additional 645 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Select Medical during the 2nd quarter valued at about $35,000. Canada Pension Plan Investment Board purchased a new stake in shares of Select Medical during the 2nd quarter valued at about $39,000. Fidelis Capital Partners LLC purchased a new stake in shares of Select Medical during the 1st quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Select Medical during the 2nd quarter valued at about $60,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Price Performance

SEM stock opened at $35.00 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $4.55 billion, a PE ratio of 16.67, a P/E/G ratio of 2.13 and a beta of 1.42. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $40.50. The stock’s 50 day moving average is $35.53 and its two-hundred day moving average is $32.97.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a return on equity of 17.50% and a net margin of 3.91%. Select Medical’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Analysts predict that Select Medical Holdings Co. will post 2.07 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Select Medical’s dividend payout ratio (DPR) is 23.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $48.00 target price on shares of Select Medical in a report on Friday, September 6th. Bank of America started coverage on Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Select Medical presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.