24,204 Shares in Select Medical Holdings Co. (NYSE:SEM) Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd bought a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 24,204 shares of the health services provider’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Watershed Asset Management L.L.C. increased its holdings in Select Medical by 8.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider’s stock valued at $253,000 after buying an additional 814 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Select Medical in the 4th quarter valued at approximately $777,000. Denali Advisors LLC raised its holdings in Select Medical by 96.7% during the first quarter. Denali Advisors LLC now owns 125,483 shares of the health services provider’s stock worth $3,783,000 after purchasing an additional 61,700 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in Select Medical during the first quarter worth $690,000. Finally, Vanguard Group Inc. boosted its position in shares of Select Medical by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 12,347,798 shares of the health services provider’s stock worth $290,173,000 after buying an additional 342,496 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on SEM shares. Benchmark raised their target price on shares of Select Medical from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Royal Bank of Canada boosted their price target on Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Select Medical Trading Up 2.1 %

SEM traded up $0.81 during trading on Thursday, hitting $39.68. The company’s stock had a trading volume of 44,943 shares, compared to its average volume of 596,935. Select Medical Holdings Co. has a twelve month low of $21.28 and a twelve month high of $39.88. The firm’s 50 day moving average price is $35.09 and its 200-day moving average price is $30.57. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $5.16 billion, a PE ratio of 18.51, a PEG ratio of 1.83 and a beta of 1.43.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, May 2nd. The health services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.22. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. On average, analysts expect that Select Medical Holdings Co. will post 2.1 earnings per share for the current year.

Select Medical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, May 15th. Select Medical’s dividend payout ratio (DPR) is 23.81%.

Select Medical 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.