EMC Capital Management Reduces Stock Position in Select Medical Holdings Co. (NYSE:SEM)

EMC Capital Management reduced its stake in Select Medical Holdings Co. (NYSE:SEM) by 49.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,674 shares of the health services provider’s stock after selling 7,642 shares during the quarter. EMC Capital Management’s holdings in Select Medical were worth $231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Select Medical in the 4th quarter worth $33,000. Fidelis Capital Partners LLC acquired a new stake in Select Medical during the 1st quarter worth $47,000. SG Americas Securities LLC purchased a new position in shares of Select Medical during the 1st quarter worth $186,000. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 purchasing an additional 405 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in Select Medical during the 1st quarter valued at about $239,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SEM has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Benchmark reiterated a “buy” rating and set a $48.00 price objective on shares of Select Medical in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Select Medical currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Select Medical Stock Down 12.8 %

Shares of NYSE SEM traded down $5.00 during mid-day trading on Friday, reaching $34.18. The company had a trading volume of 2,367,190 shares, compared to its average volume of 621,926. The stock has a fifty day moving average of $35.75 and a two-hundred day moving average of $31.08. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. Select Medical Holdings Co. has a 12-month low of $21.28 and a 12-month high of $40.50. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.81 and a beta of 1.43.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. As a group, equities research analysts expect that Select Medical Holdings Co. will post 2.19 EPS for the current year.

Select Medical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 14th. Select Medical’s dividend payout ratio is currently 23.81%.

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.