Select Medical Holdings Co. (NYSE:SEM) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Select Medical Holdings Co. (NYSE:SEM) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,498,772 shares of the health services provider’s stock after buying an additional 95,578 shares during the quarter. Dimensional Fund Advisors LP owned about 3.46% of Select Medical worth $157,728,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SEM. Hexagon Capital Partners LLC lifted its holdings in shares of Select Medical by 528.7% during the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Select Medical during the second quarter valued at $35,000. Fidelis Capital Partners LLC purchased a new stake in shares of Select Medical during the first quarter valued at $47,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Select Medical during the second quarter valued at $60,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Select Medical by 52.8% during the second quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after purchasing an additional 685 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Stock Down 1.0 %

Shares of Select Medical stock opened at $35.00 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical Holdings Co. has a 1 year low of $21.28 and a 1 year high of $40.50. The stock has a 50-day moving average price of $35.53 and a 200 day moving average price of $32.97. The company has a market cap of $4.55 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.13 and a beta of 1.42.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts expect that Select Medical Holdings Co. will post 2.07 EPS for the current fiscal year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical’s payout ratio is currently 23.81%.

Analyst Ratings Changes

SEM has been the subject of several analyst reports. Bank of America initiated coverage on Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price for the company. Benchmark reissued a “buy” rating and issued a $48.00 price objective on shares of Select Medical in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Select Medical presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Select Medical 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.