AQR Capital Management LLC Has $383,000 Holdings in Select Medical Holdings Co. (NYSE:SEM)

AQR Capital Management LLC grew its holdings in Select Medical Holdings Co. (NYSE:SEM) by 17.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,910 shares of the health services provider’s stock after purchasing an additional 1,656 shares during the period. AQR Capital Management LLC’s holdings in Select Medical were worth $383,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Select Medical by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,202,219 shares of the health services provider’s stock worth $518,647,000 after purchasing an additional 90,604 shares during the period. Vanguard Group Inc. raised its stake in Select Medical by 5.3% during the first quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after acquiring an additional 650,093 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Select Medical by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock valued at $157,728,000 after buying an additional 95,578 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Select Medical by 4.5% in the first quarter. Principal Financial Group Inc. now owns 2,241,823 shares of the health services provider’s stock valued at $67,591,000 after buying an additional 95,707 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Select Medical by 179.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock worth $29,574,000 after purchasing an additional 541,728 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Price Performance

NYSE:SEM opened at $33.80 on Wednesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09. Select Medical Holdings Co. has a 52 week low of $21.28 and a 52 week high of $40.50. The firm’s 50-day simple moving average is $34.26 and its 200 day simple moving average is $33.66. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.04 and a beta of 1.41.

Select Medical (NYSE:SEM) last released its quarterly earnings data 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). The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, sell-side analysts predict that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.48%. Select Medical’s dividend payout ratio (DPR) is currently 23.81%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $48.00 price target on shares of Select Medical in a research note on Friday, September 6th. Bank of America began coverage on Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.