Intech Investment Management LLC Boosts Stake in Select Medical Holdings Co. (NYSE:SEM)

Intech Investment Management LLC lifted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 39.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,720 shares of the health services provider’s stock after purchasing an additional 7,021 shares during the quarter. Intech Investment Management LLC’s holdings in Select Medical were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SEM. Dimensional Fund Advisors LP boosted its holdings in shares of Select Medical by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock valued at $157,728,000 after buying an additional 95,578 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Select Medical by 6.7% in the third quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock worth $82,208,000 after purchasing an additional 147,032 shares during the period. Victory Capital Management Inc. increased its stake in shares of Select Medical by 0.6% during the third quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider’s stock valued at $41,184,000 after purchasing an additional 7,372 shares in the last quarter. Point72 Asset Management L.P. lifted 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 valued at $29,574,000 after purchasing an additional 541,728 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Select Medical by 183.9% in the 2nd quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock worth $23,824,000 after purchasing an additional 440,140 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Trading Down 4.6 %

NYSE:SEM opened at $20.35 on Friday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.42. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $34.39 and a 200-day moving average price of $34.80. Select Medical Holdings Co. has a one year low of $20.00 and a one year high of $40.98.

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

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.46%. Select Medical’s payout ratio is 23.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America assumed coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective for the company. StockNews.com lowered Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Benchmark downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price objective on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.75.

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.