Select Medical Holdings Co. (NYSE:SEM) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in Select Medical Holdings Co. (NYSE:SEM) by 21.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,492,332 shares of the health services provider’s stock after selling 400,826 shares during the quarter. LSV Asset Management’s holdings in Select Medical were worth $35,070,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SEM. SG Americas Securities LLC acquired a new position in Select Medical in the 3rd quarter valued at $710,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Select Medical by 30.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,763 shares of the health services provider’s stock worth $474,000 after purchasing an additional 4,346 shares during the period. Mackenzie Financial Corp grew its stake in shares of Select Medical by 109.7% during the 3rd quarter. Mackenzie Financial Corp now owns 21,366 shares of the health services provider’s stock worth $527,000 after purchasing an additional 11,176 shares during the period. Strs Ohio grew its stake in shares of Select Medical by 230.0% during the 3rd quarter. Strs Ohio now owns 16,500 shares of the health services provider’s stock worth $416,000 after purchasing an additional 11,500 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Select Medical by 23.4% during the 3rd quarter. Inspire Investing LLC now owns 12,115 shares of the health services provider’s stock worth $306,000 after purchasing an additional 2,294 shares during the period. 89.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at approximately $200,021,073.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.50% of the stock is owned by insiders.

Select Medical Price Performance

Select Medical stock opened at $31.43 on Monday. Select Medical Holdings Co. has a 52 week low of $21.28 and a 52 week high of $33.51. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30. The firm’s 50-day simple moving average is $28.42 and its 200 day simple moving average is $25.95. The firm has a market capitalization of $4.09 billion, a PE ratio of 14.97, a P/E/G ratio of 1.24 and a beta of 1.38.

Select Medical (NYSE:SEM) last released its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities research analysts predict that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.59%. Select Medical’s dividend payout ratio (DPR) is 23.81%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SEM shares. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Select Medical in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.40.

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.