Carmignac Gestion Acquires New Position in Select Medical Holdings Corporation $SEM

Carmignac Gestion acquired a new stake in Select Medical Holdings Corporation (NYSE:SEM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 174,516 shares of the health services provider’s stock, valued at approximately $2,843,000. Carmignac Gestion owned about 0.14% of Select Medical as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SEM. Hsbc Holdings PLC increased its holdings in Select Medical by 7,554.6% in the first quarter. Hsbc Holdings PLC now owns 2,245,163 shares of the health services provider’s stock valued at $36,596,000 after purchasing an additional 2,215,832 shares during the last quarter. 8 Knots Management LLC bought a new position in Select Medical during the second quarter worth about $26,568,000. Polar Asset Management Partners Inc. acquired a new position in shares of Select Medical during the 1st quarter worth about $22,806,000. Millennium Management LLC increased its stake in shares of Select Medical by 407.9% in the 3rd quarter. Millennium Management LLC now owns 1,590,339 shares of the health services provider’s stock valued at $20,420,000 after acquiring an additional 1,277,233 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Select Medical in the 4th quarter valued at approximately $17,603,000. Institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

Shares of SEM opened at $16.51 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88. The company’s fifty day simple moving average is $16.54 and its 200 day simple moving average is $16.19. Select Medical Holdings Corporation has a 1-year low of $11.65 and a 1-year high of $16.99. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, April 30th. The health services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Select Medical had a net margin of 2.42% and a return on equity of 6.62%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. On average, research analysts forecast that Select Medical Holdings Corporation will post 1.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEM. Mizuho restated a “neutral” rating and set a $16.50 price objective (down from $17.00) on shares of Select Medical in a report on Tuesday, May 12th. Zacks Research upgraded shares of Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Select Medical presently has a consensus rating of “Hold” and an average price target of $15.50.

Select Medical Profile

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.