Public Sector Pension Investment Board Grows Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Public Sector Pension Investment Board lifted its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 8.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,587 shares of the health services provider’s stock after purchasing an additional 19,084 shares during the quarter. Public Sector Pension Investment Board owned about 0.18% of Select Medical worth $8,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Hexagon Capital Partners LLC boosted its holdings in shares of Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Select Medical in the second quarter valued at $35,000. Canada Pension Plan Investment Board purchased a new stake in Select Medical during the second quarter valued at about $39,000. Fidelis Capital Partners LLC acquired a new stake in Select Medical during the first quarter worth about $47,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Select Medical in the 2nd quarter worth about $60,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Trading Up 0.9 %

SEM opened at $35.38 on Wednesday. The firm has a market capitalization of $4.60 billion, a P/E ratio of 16.85, a P/E/G ratio of 2.16 and a beta of 1.42. The firm’s 50 day moving average is $35.41 and its 200-day moving average is $33.13. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates 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%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Analysts expect that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.41%. Select Medical’s dividend payout ratio is presently 23.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SEM shares. Benchmark reissued a “buy” rating and set a $48.00 target price on shares of Select Medical in a research report on Friday, September 6th. Bank of America began coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Select Medical Company Profile

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.