Maryland State Retirement & Pension System Sells 708 Shares of Select Medical Holdings Co. (NYSE:SEM)

Maryland State Retirement & Pension System lessened its holdings in Select Medical Holdings Co. (NYSE:SEM) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,176 shares of the health services provider’s stock after selling 708 shares during the period. Maryland State Retirement & Pension System’s holdings in Select Medical were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in Select Medical by 6.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock valued at $198,000 after acquiring an additional 405 shares during the period. Hexagon Capital Partners LLC grew its holdings in Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after buying an additional 645 shares in the last quarter. GAMMA Investing LLC grew its holdings in Select Medical by 52.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after buying an additional 685 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Select Medical in the 2nd quarter valued at $35,000. Finally, Texas Permanent School Fund Corp grew its holdings in Select Medical by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 92,013 shares of the health services provider’s stock valued at $2,774,000 after buying an additional 1,230 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

NYSE:SEM traded up $0.08 during trading hours on Friday, hitting $36.07. The company’s stock had a trading volume of 435,088 shares, compared to its average volume of 624,061. The stock has a fifty day simple moving average of $35.78 and a 200-day simple moving average of $32.16. The company has a market capitalization of $4.69 billion, a P/E ratio of 17.18, a PEG ratio of 1.51 and a beta of 1.43. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. Select Medical Holdings Co. has a twelve month low of $21.28 and a twelve month high of $40.50.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. On average, analysts anticipate that Select Medical Holdings Co. will post 2.18 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.39%. Select Medical’s dividend payout ratio is presently 23.81%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEM. Royal Bank of Canada increased their target price on Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Benchmark reissued a “buy” rating and set a $48.00 target price on shares of Select Medical in a report on Friday, August 2nd. Finally, Bank of America began coverage on Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Select Medical currently has an average rating of “Moderate Buy” and an average target price of $39.00.

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.