11,303 Shares in Select Medical Holdings Co. (NYSE:SEM) Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC bought a new position in Select Medical Holdings Co. (NYSE:SEM) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 11,303 shares of the health services provider’s stock, valued at approximately $394,000.

Other large investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in Select Medical in the 1st quarter worth $467,000. Denali Advisors LLC increased its position in shares of Select Medical by 96.7% in the first quarter. Denali Advisors LLC now owns 125,483 shares of the health services provider’s stock valued at $3,783,000 after acquiring an additional 61,700 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Select Medical in the first quarter valued at about $690,000. Vanguard Group Inc. increased its position in shares of Select Medical by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 12,347,798 shares of the health services provider’s stock valued at $290,173,000 after acquiring an additional 342,496 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Select Medical in the first quarter valued at about $730,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

Shares of NYSE SEM opened at $33.36 on Wednesday. Select Medical Holdings Co. has a 1 year low of $21.28 and a 1 year high of $40.50. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day moving average is $34.47 and its 200 day moving average is $33.51. The stock has a market capitalization of $4.34 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.09 and a beta of 1.41.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Select Medical’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical’s payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SEM shares. Bank of America started 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 on the stock. Benchmark restated a “buy” rating and issued a $48.00 price objective on shares of Select Medical in a research report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Select Medical has an average rating of “Moderate Buy” and an average price target 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.