Cerity Partners LLC Boosts Holdings in Select Medical Holdings Co. (NYSE:SEM)

Cerity Partners LLC raised its stake in Select Medical Holdings Co. (NYSE:SEM) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 62,434 shares of the health services provider’s stock after purchasing an additional 2,835 shares during the quarter. Cerity Partners LLC’s holdings in Select Medical were worth $2,177,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Select Medical by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock worth $157,728,000 after acquiring an additional 95,578 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Select Medical by 6.7% during the third quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock valued at $82,208,000 after purchasing an additional 147,032 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Select Medical by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,646,320 shares of the health services provider’s stock worth $57,407,000 after acquiring an additional 24,439 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Select Medical by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider’s stock worth $41,184,000 after buying an additional 7,372 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Select Medical by 179.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock valued at $29,574,000 after purchasing an additional 541,728 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Insiders Place Their Bets

In other news, Director Marilyn B. Tavenner sold 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total transaction of $674,880.00. Following the transaction, the director now directly owns 22,000 shares in the company, valued at $463,980. The trade was a 59.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEM. StockNews.com downgraded Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Bank of America started coverage on Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. Finally, Benchmark downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, November 25th.

Select Medical Trading Up 3.7 %

Select Medical stock opened at $21.11 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical Holdings Co. has a one year low of $20.00 and a one year high of $40.98. The stock has a market cap of $2.73 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The stock has a 50-day moving average of $34.11 and a two-hundred day moving average of $34.71.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, research analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.37%. Select Medical’s dividend payout ratio (DPR) is currently 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.