KLP Kapitalforvaltning AS Acquires Shares of 24,100 Select Medical Holdings Co. (NYSE:SEM)

KLP Kapitalforvaltning AS bought a new position in Select Medical Holdings Co. (NYSE:SEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,100 shares of the health services provider’s stock, valued at approximately $454,000.

Several other hedge funds also recently made changes to their positions in SEM. JPMorgan Chase & Co. lifted its stake in shares of Select Medical by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 416,299 shares of the health services provider’s stock valued at $14,516,000 after purchasing an additional 36,905 shares during the period. Argent Capital Management LLC lifted its position in Select Medical by 79.8% during the fourth quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider’s stock valued at $1,039,000 after buying an additional 24,471 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Select Medical by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after buying an additional 46,880 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Select Medical by 122.8% in the 4th quarter. Sanctuary Advisors LLC now owns 52,175 shares of the health services provider’s stock worth $1,035,000 after buying an additional 28,759 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in shares of Select Medical by 66.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 118,049 shares of the health services provider’s stock worth $2,225,000 after acquiring an additional 46,925 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Select Medical Price Performance

Shares of Select Medical stock opened at $15.83 on Friday. The stock has a 50 day moving average price of $18.09 and a 200-day moving average price of $24.45. Select Medical Holdings Co. has a one year low of $15.40 and a one year high of $40.98. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. 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 (NYSE:SEM) last issued its quarterly earnings results 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. Equities analysts expect 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. Investors of record on Monday, March 3rd were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

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.