Thrivent Financial for Lutherans Decreases Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Thrivent Financial for Lutherans reduced its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,714 shares of the health services provider’s stock after selling 2,692 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Select Medical worth $3,110,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SEM. Hexagon Capital Partners LLC grew its position in shares of Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after buying an additional 645 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Select Medical during the second quarter valued at approximately $35,000. Canada Pension Plan Investment Board purchased a new position in Select Medical during the second quarter valued at $39,000. Fidelis Capital Partners LLC bought a new stake in Select Medical in the first quarter worth $47,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Select Medical in the second quarter worth $60,000. 89.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on SEM shares. Bank of America began coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective for the company. Benchmark restated a “buy” rating and issued a $48.00 price objective on shares of Select Medical in a report 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Select Medical Stock Performance

Shares of SEM opened at $34.67 on Monday. Select Medical Holdings Co. has a 52 week low of $21.28 and a 52 week high of $40.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.18 and a beta of 1.42. The business has a 50-day simple moving average of $35.19 and a two-hundred day simple moving average of $33.23.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 17.50% and a net margin of 3.91%. Select Medical’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. On average, analysts expect that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.44%. Select Medical’s payout ratio is presently 23.81%.

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.