SG Americas Securities LLC Has $283,000 Stake in Select Medical Holdings Co. (NYSE:SEM)

SG Americas Securities LLC reduced its holdings in Select Medical Holdings Co. (NYSE:SEM) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,013 shares of the health services provider’s stock after selling 8,410 shares during the period. SG Americas Securities LLC’s holdings in Select Medical were worth $283,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SEM. Quarry LP bought a new stake in Select Medical during the third quarter worth about $30,000. GAMMA Investing LLC raised its stake in shares of Select Medical by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after purchasing an additional 330 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Select Medical in the 3rd quarter valued at approximately $81,000. Mount Yale Investment Advisors LLC bought a new position in shares of Select Medical in the third quarter valued at $193,000. Finally, Virtu Financial LLC acquired a new position in Select Medical during the third quarter worth $210,000. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Select Medical news, VP Robert G. Breighner, Jr. sold 4,989 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total transaction of $99,530.55. Following the transaction, the vice president now owns 30,356 shares in the company, valued at $605,602.20. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marilyn B. Tavenner sold 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total transaction of $674,880.00. Following the transaction, the director now directly owns 22,000 shares in the company, valued at $463,980. This represents a 59.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.50% of the stock is owned by company insiders.

Select Medical Stock Up 0.4 %

Shares of SEM opened at $20.28 on Thursday. The firm’s 50-day simple moving average is $19.44 and its 200 day simple moving average is $29.52. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $2.63 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.45. Select Medical Holdings Co. has a 52 week low of $18.02 and a 52 week high of $40.98.

Wall Street Analysts Forecast Growth

SEM has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada lifted their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, Benchmark downgraded Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.50.

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.