Amundi Increases Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Amundi raised its position in Select Medical Holdings Co. (NYSE:SEM) by 183.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,612 shares of the health services provider’s stock after buying an additional 34,071 shares during the period. Amundi’s holdings in Select Medical were worth $985,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SEM. Point72 Asset Management L.P. increased its position in shares of Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after buying an additional 1,216,263 shares in the last quarter. Empowered Funds LLC purchased a new stake in Select Medical in the 4th quarter worth $5,903,000. Raymond James Financial Inc. acquired a new position in Select Medical during the fourth quarter worth $5,858,000. Loomis Sayles & Co. L P purchased a new position in Select Medical during the third quarter valued at $9,710,000. Finally, Barclays PLC grew its position in shares of Select Medical by 396.0% in the third quarter. Barclays PLC now owns 192,357 shares of the health services provider’s stock valued at $6,707,000 after purchasing an additional 153,576 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Price Performance

SEM stock opened at $17.02 on Thursday. Select Medical Holdings Co. has a 12-month low of $16.20 and a 12-month high of $40.98. The business’s fifty day moving average price is $18.66 and its 200 day moving average price is $25.89. The company has a market capitalization of $2.19 billion, a PE ratio of 10.31, a P/E/G ratio of 0.64 and a beta of 1.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

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). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. On average, 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.47%. Select Medical’s dividend payout ratio (DPR) is currently 15.15%.

Wall Street Analysts Forecast Growth

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

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.