Larson Financial Group LLC Buys New Stake in Select Medical Holdings Co. (NYSE:SEM)

Larson Financial Group LLC purchased a new position in Select Medical Holdings Co. (NYSE:SEM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 80,070 shares of the health services provider’s stock, valued at approximately $2,807,000. Larson Financial Group LLC owned about 0.06% of Select Medical at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SEM. Hexagon Capital Partners LLC increased its position in Select Medical by 528.7% during 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. Transcendent Capital Group LLC acquired a new position in shares of Select Medical during the second quarter valued at about $35,000. Fidelis Capital Partners LLC purchased a new position in shares of Select Medical in the 1st quarter valued at approximately $47,000. GAMMA Investing LLC boosted its stake 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 worth $70,000 after purchasing an additional 685 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Select Medical during the 2nd quarter worth approximately $117,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on SEM shares. Benchmark reiterated a “buy” rating and set a $48.00 price objective on shares of Select Medical in a research note on Friday, August 2nd. Bank of America began coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Select Medical currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Select Medical Stock Performance

NYSE:SEM traded down $0.10 during mid-day trading on Wednesday, hitting $35.17. The company’s stock had a trading volume of 26,137 shares, compared to its average volume of 619,726. The business’s fifty day moving average is $35.83 and its two-hundred day moving average is $32.36. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.18 and a beta of 1.42. 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 1 year low of $21.28 and a 1 year high of $40.50.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Analysts anticipate that Select Medical Holdings Co. will post 2.07 EPS for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical’s dividend payout ratio (DPR) is presently 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.