Mutual of America Capital Management LLC Sells 1,686 Shares of Select Medical Holdings Co. (NYSE:SEM)

Mutual of America Capital Management LLC lowered its holdings in Select Medical Holdings Co. (NYSE:SEM) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,840 shares of the health services provider’s stock after selling 1,686 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Select Medical were worth $552,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its stake in Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after buying an additional 645 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Select Medical in the 2nd quarter valued at $35,000. Canada Pension Plan Investment Board purchased a new stake in shares of Select Medical during the 2nd quarter worth $39,000. DekaBank Deutsche Girozentrale bought a new stake in Select Medical during the second quarter valued at about $60,000. Finally, GAMMA Investing LLC grew its stake in Select Medical by 52.8% in the second quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after purchasing an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SEM shares. StockNews.com cut shares of Select Medical from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Bank of America began coverage on shares of Select Medical in a research note on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price for the company. Royal Bank of Canada upped their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Select Medical has an average rating of “Hold” and a consensus target price of $40.75.

Select Medical Stock Down 44.9 %

SEM stock opened at $21.32 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a 52 week low of $20.17 and a 52 week high of $40.98. The stock has a market capitalization of $2.76 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. The firm has a 50 day moving average of $35.26 and a 200 day moving average of $35.09.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that Select Medical Holdings Co. will post 2.16 earnings per share for the current year.

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Wednesday, November 13th. Select Medical’s payout ratio is 23.36%.

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.