6,495 Shares in Select Medical Holdings Co. (NYSE:SEM) Purchased by Choreo LLC

Choreo LLC purchased a new position in Select Medical Holdings Co. (NYSE:SEM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,495 shares of the health services provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SEM. Norges Bank bought a new stake in Select Medical during the 4th quarter valued at about $34,320,000. Dynamic Technology Lab Private Ltd bought a new stake in Select Medical during the 4th quarter valued at about $777,000. Quest Partners LLC bought a new stake in Select Medical during the 4th quarter valued at about $366,000. Aigen Investment Management LP bought a new stake in Select Medical during the 4th quarter valued at about $387,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Select Medical during the 4th quarter valued at about $448,000. 89.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Select Medical Stock Performance

Shares of NYSE SEM opened at $35.36 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The company has a market cap of $4.60 billion, a PE ratio of 16.84, a PEG ratio of 2.13 and a beta of 1.42. The firm’s 50-day moving average price is $35.58 and its 200-day moving average price is $32.91. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $40.50.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Select Medical Holdings Co. will post 2.07 EPS for the current year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Wednesday, August 14th. Select Medical’s payout ratio is 23.81%.

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.