Select Medical Holdings Co. (NYSE:SEM) Shares Acquired by Vestcor Inc

Vestcor Inc grew its stake in Select Medical Holdings Co. (NYSE:SEM) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,055 shares of the health services provider’s stock after purchasing an additional 1,580 shares during the period. Vestcor Inc’s holdings in Select Medical were worth $208,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of Select Medical in the third quarter valued at approximately $30,000. Smartleaf Asset Management LLC increased its holdings in shares of Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after purchasing an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Select Medical in the third quarter valued at approximately $81,000. Virtu Financial LLC acquired a new position in shares of Select Medical in the third quarter valued at approximately $210,000. Finally, Quantbot Technologies LP acquired a new position in shares of Select Medical in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Down 1.8 %

SEM opened at $16.89 on Wednesday. The business’s fifty day moving average is $18.70 and its two-hundred day moving average is $25.95. 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 company has a market cap of $2.18 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a one year low of $16.20 and a one year high of $40.98.

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

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a yield of 1.48%. Select Medical’s payout ratio is 15.15%.

Analyst Ratings Changes

A number of research analysts recently weighed in on SEM shares. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective 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, Royal Bank of Canada dropped 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Select Medical currently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

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.