Select Medical Holdings Co. (NYSE:SEM) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its stake in Select Medical Holdings Co. (NYSE:SEM) by 49.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,480 shares of the health services provider’s stock after selling 2,437 shares during the period. EntryPoint Capital LLC’s holdings in Select Medical were worth $75,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in shares of Select Medical in the 4th quarter valued at approximately $33,000. Fidelis Capital Partners LLC acquired a new stake in Select Medical in the 1st quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new stake in Select Medical in the first quarter valued at approximately $186,000. Allspring Global Investments Holdings LLC lifted its stake in Select Medical by 6.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock worth $198,000 after purchasing an additional 405 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Select Medical during the first quarter worth $253,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Select Medical Price Performance

SEM stock opened at $39.27 on Friday. The business’s 50-day moving average is $35.29 and its two-hundred day moving average is $30.71. 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 firm has a market capitalization of $5.11 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.83 and a beta of 1.43. Select Medical Holdings Co. has a 1 year low of $21.28 and a 1 year high of $40.20.

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

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, May 15th. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

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.