Loomis Sayles & Co. L P Has $6.98 Million Position in Select Medical Holdings Co. (NYSE:SEM)

Loomis Sayles & Co. L P boosted its stake in Select Medical Holdings Co. (NYSE:SEM) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,425 shares of the health services provider’s stock after purchasing an additional 91,956 shares during the period. Loomis Sayles & Co. L P owned about 0.29% of Select Medical worth $6,983,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SEM. LPL Financial LLC lifted its stake in shares of Select Medical by 2.0% in the 4th quarter. LPL Financial LLC now owns 31,441 shares of the health services provider’s stock valued at $593,000 after acquiring an additional 619 shares during the last quarter. Quarry LP bought a new position in Select Medical in the third quarter valued at about $30,000. Sippican Capital Advisors boosted its stake in shares of Select Medical by 7.3% during the fourth quarter. Sippican Capital Advisors now owns 13,354 shares of the health services provider’s stock valued at $252,000 after purchasing an additional 912 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Select Medical by 2.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,719 shares of the health services provider’s stock valued at $1,069,000 after buying an additional 1,234 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Select Medical by 179.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after buying an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Select Medical Stock Performance

Shares of Select Medical stock opened at $16.81 on Friday. The business has a 50-day moving average price of $18.38 and a two-hundred day moving average price of $25.02. Select Medical Holdings Co. has a 1-year low of $16.20 and a 1-year 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. The company has a market cap of $2.17 billion, a P/E ratio of 10.19, a PEG ratio of 0.64 and a beta of 1.56.

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

Select Medical Cuts Dividend

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

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.