Kingsview Wealth Management LLC Takes Position in Select Medical Holdings Co. (NYSE:SEM)

Kingsview Wealth Management LLC acquired a new stake in Select Medical Holdings Co. (NYSE:SEM) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 55,262 shares of the health services provider’s stock, valued at approximately $1,927,000.

Several other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC lifted 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 acquiring an additional 645 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Select Medical during the second quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new stake in Select Medical during the second quarter worth approximately $39,000. DekaBank Deutsche Girozentrale acquired a new position in Select Medical in the second quarter worth approximately $60,000. Finally, GAMMA Investing LLC increased its holdings in shares of Select Medical by 52.8% in the second 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. Institutional investors own 89.48% of the company’s stock.

Select Medical Trading Down 2.4 %

NYSE:SEM opened at $38.70 on Tuesday. The stock has a market cap of $5.01 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. Select Medical Holdings Co. has a fifty-two week low of $22.26 and a fifty-two week high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $35.19 and its two-hundred day moving average is $35.05.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities research analysts forecast that Select Medical Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.29%. Select Medical’s payout ratio is 23.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America started coverage on Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price on the stock. Royal Bank of Canada boosted their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. StockNews.com downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Benchmark downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.75.

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.