Segall Bryant & Hamill LLC Makes New Investment in Select Medical Holdings Co. (NYSE:SEM)

Segall Bryant & Hamill LLC purchased a new position in Select Medical Holdings Co. (NYSE:SEM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 79,343 shares of the health services provider’s stock, valued at approximately $2,767,000.

A number of other hedge funds also recently modified their holdings of SEM. Vanguard Group Inc. raised its holdings in Select Medical by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after buying an additional 650,093 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Select Medical by 179.5% during the second quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock worth $29,574,000 after acquiring an additional 541,728 shares during the period. Millennium Management LLC lifted its position in Select Medical by 183.9% in the 2nd quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock valued at $23,824,000 after acquiring an additional 440,140 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Select Medical in the 2nd quarter worth $14,819,000. Finally, Ceredex Value Advisors LLC bought a new position in Select Medical during the 2nd quarter worth about $11,456,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SEM shares. Royal Bank of Canada upped their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America began coverage on shares of Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price for the company. Finally, Benchmark reissued a “buy” rating and set a $48.00 price target on shares of Select Medical in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Select Medical Stock Performance

NYSE SEM opened at $39.67 on Friday. The firm’s fifty day moving average price is $35.10 and its two-hundred day moving average price is $34.97. Select Medical Holdings Co. has a 1 year low of $22.26 and a 1 year high of $40.98. The firm has a market capitalization of $5.14 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company posted $0.46 earnings per share. Select Medical’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current year.

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.26%. Select Medical’s dividend payout ratio is currently 23.36%.

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.