New York State Common Retirement Fund Boosts Stake in Select Medical Holdings Co. (NYSE:SEM)

New York State Common Retirement Fund lifted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,244 shares of the health services provider’s stock after acquiring an additional 7,067 shares during the quarter. New York State Common Retirement Fund’s holdings in Select Medical were worth $891,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SEM. Quarry LP purchased a new stake in shares of Select Medical during the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Medical during the 3rd quarter worth about $81,000. Vista Finance LLC purchased a new stake in shares of Select Medical during the 4th quarter worth about $193,000. Virtu Financial LLC purchased a new stake in shares of Select Medical during the 3rd quarter worth about $210,000. Finally, Quantbot Technologies LP purchased a new position in Select Medical in the 3rd quarter valued at about $232,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SEM shares. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, February 24th. UBS Group decreased their price target on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada decreased their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Select Medical currently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Select Medical Trading Down 1.5 %

SEM opened at $17.92 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $27.30. Select Medical Holdings Co. has a 1-year low of $16.20 and a 1-year high of $40.98. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analysts expect that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.40%. Select Medical’s dividend payout ratio is currently 15.15%.

Insider Transactions at Select Medical

In other news, VP Robert G. Breighner, Jr. sold 4,989 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total transaction of $99,530.55. Following the completion of the sale, the vice president now owns 30,356 shares in the company, valued at $605,602.20. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.14% of the company’s stock.

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.