Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 18.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,342 shares of the health services provider’s stock after selling 10,478 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Select Medical were worth $1,616,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its holdings in Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after buying an additional 645 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Select Medical in the 2nd quarter valued at approximately $35,000. Canada Pension Plan Investment Board purchased a new stake in shares of Select Medical in the 2nd quarter valued at approximately $39,000. Fidelis Capital Partners LLC purchased a new stake in shares of Select Medical in the 1st quarter valued at approximately $47,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Select Medical in the 2nd quarter valued at approximately $60,000. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Select Medical Trading Up 12.1 %

NYSE SEM opened at $35.95 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s fifty day moving average price is $34.26 and its 200 day moving average price is $33.97. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s payout ratio is currently 23.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SEM shares. Benchmark reissued a “buy” rating and issued a $48.00 price objective on shares of Select Medical in a research report on Friday. Bank of America started coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective on the stock. One equities research 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 an average rating of “Moderate Buy” and an average target price of $39.00.

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.