Select Medical Holdings Co. (NYSE:SEM) Stock Position Lifted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its position in Select Medical Holdings Co. (NYSE:SEM) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,099 shares of the health services provider’s stock after acquiring an additional 5,756 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.07% of Select Medical worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Prudential Financial Inc. raised its stake in Select Medical by 2.4% during the fourth quarter. Prudential Financial Inc. now owns 111,920 shares of the health services provider’s stock worth $2,110,000 after acquiring an additional 2,582 shares during the period. Vanguard Group Inc. raised its position in shares of Select Medical by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider’s stock worth $239,640,000 after purchasing an additional 131,228 shares during the period. LPL Financial LLC boosted its position in Select Medical by 2.0% during the 4th quarter. LPL Financial LLC now owns 31,441 shares of the health services provider’s stock valued at $593,000 after purchasing an additional 619 shares during the period. KLP Kapitalforvaltning AS bought a new position in Select Medical during the 4th quarter worth $454,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in Select Medical by 5.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 83,744 shares of the health services provider’s stock worth $1,579,000 after buying an additional 4,409 shares during the period. 89.48% of the stock is owned by institutional investors and hedge funds.

Select Medical Stock Down 1.3 %

Select Medical stock opened at $16.81 on Friday. The company’s 50-day moving average price is $18.38 and its two-hundred day moving average price is $25.08. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a 52 week low of $16.20 and a 52 week high of $40.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, analysts expect that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical’s payout ratio is 15.15%.

Wall Street Analysts Forecast Growth

SEM has been the subject of several analyst reports. Royal Bank of Canada reduced their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group cut their price target on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Select Medical currently has an average rating of “Moderate Buy” and an average price target of $27.25.

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.