Vanguard Group Inc. Raises Position in Select Medical Holdings Co. (NYSE:SEM)

Vanguard Group Inc. increased its stake in Select Medical Holdings Co. (NYSE:SEM) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,712,990 shares of the health services provider’s stock after acquiring an additional 131,228 shares during the period. Vanguard Group Inc. owned approximately 9.82% of Select Medical worth $239,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in Select Medical in the 4th quarter valued at about $5,903,000. Raymond James Financial Inc. acquired a new stake in Select Medical in the fourth quarter valued at approximately $5,858,000. Barclays PLC grew its holdings in Select Medical by 396.0% during the 3rd quarter. Barclays PLC now owns 192,357 shares of the health services provider’s stock worth $6,707,000 after acquiring an additional 153,576 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Select Medical by 6.7% in the 3rd 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 during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Select Medical by 1,309.5% in the 4th quarter. American Century Companies Inc. now owns 137,169 shares of the health services provider’s stock valued at $2,586,000 after purchasing an additional 127,437 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Stock Down 2.2 %

Shares of NYSE:SEM opened at $15.83 on Friday. 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 has a market cap of $2.04 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a 1-year low of $15.40 and a 1-year high of $40.98. The firm has a fifty day moving average price of $18.09 and a 200 day moving average price of $24.37.

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

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, March 3rd. Select Medical’s payout ratio is 15.15%.

Wall Street Analysts Forecast Growth

SEM has been the topic of a number of recent analyst reports. UBS Group dropped 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. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada reduced their price objective on shares of 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, Benchmark upgraded 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Select Medical presently has an average rating of “Moderate Buy” and a consensus price target of $27.25.

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.