Bank of New York Mellon Corp Sells 110,238 Shares of Select Medical Holdings Co. (NYSE:SEM)

Bank of New York Mellon Corp cut its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,384,560 shares of the health services provider’s stock after selling 110,238 shares during the period. Bank of New York Mellon Corp owned about 1.07% of Select Medical worth $26,099,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Select Medical in the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Select Medical in the third quarter worth $81,000. Vista Finance LLC bought a new stake in shares of Select Medical in the fourth quarter valued at $193,000. Virtu Financial LLC purchased a new position in shares of Select Medical during the 3rd quarter valued at $210,000. Finally, Quantbot Technologies LP bought a new position in shares of Select Medical during the 3rd quarter worth $232,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports 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 report on Monday, February 24th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group reduced their price target on Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada dropped their price objective on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Select Medical Stock Down 1.4 %

Shares of NYSE:SEM opened at $17.92 on Monday. Select Medical Holdings Co. has a 1 year low of $16.20 and a 1 year high of $40.98. 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 stock’s 50-day moving average is $18.94 and its 200 day moving average is $26.87. The company has a market cap of $2.31 billion, a PE ratio of 10.86, a P/E/G ratio of 0.64 and a beta of 1.56.

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

Select Medical Cuts Dividend

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

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.