Select Medical Holdings Co. (NYSE:SEM) Shares Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC boosted its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 114.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,233 shares of the health services provider’s stock after acquiring an additional 12,930 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Select Medical were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SEM. Quarry LP acquired a new stake in shares of Select Medical during the third quarter worth $30,000. Smartleaf Asset Management LLC raised its position in Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock worth $43,000 after buying an additional 1,473 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Select Medical in the 3rd quarter worth $81,000. Cibc World Markets Corp purchased a new stake in shares of Select Medical in the fourth quarter valued at about $191,000. Finally, Vista Finance LLC acquired a new position in shares of Select Medical during the fourth quarter worth about $193,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Stock Performance

SEM opened at $16.71 on Thursday. Select Medical Holdings Co. has a 1-year low of $16.04 and a 1-year high of $40.98. The stock has a market cap of $2.15 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.64 and a beta of 1.56. The stock’s 50 day simple moving average is $18.22 and its 200 day simple moving average is $24.64. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

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

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a $0.0625 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.50%. Select Medical’s dividend payout ratio is presently 15.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SEM shares. Royal Bank of Canada lowered their price objective on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. 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 raised Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Benchmark upgraded shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Select Medical currently has an average rating of “Moderate Buy” and an average target price of $27.25.

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.