Schwab Charles Investment Management Inc. Buys 77,264 Shares of Select Medical Holdings Corporation (NYSE:SEM)

Schwab Charles Investment Management Inc. increased its stake in shares of Select Medical Holdings Corporation (NYSE:SEM) by 9.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 881,145 shares of the health services provider’s stock after buying an additional 77,264 shares during the period. Schwab Charles Investment Management Inc. owned 0.66% of Select Medical Holdings Corporation worth $11,764,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Select Medical Holdings Corporation by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after buying an additional 70 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Select Medical Holdings Corporation during the first quarter valued at about $123,000. Envestnet Asset Management Inc. boosted its stake in Select Medical Holdings Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after buying an additional 107 shares during the last quarter. Stevens Capital Management LP bought a new stake in Select Medical Holdings Corporation during the first quarter valued at about $143,000. Finally, Everence Capital Management Inc. bought a new stake in Select Medical Holdings Corporation during the first quarter valued at about $156,000. Hedge funds and other institutional investors own 79.42% of the company’s stock.

Shares of Select Medical Holdings Corporation (NYSE:SEM) traded down 0.29% during midday trading on Wednesday, reaching $17.35. 1,042,211 shares of the company traded hands. The stock has a 50 day moving average price of $16.25 and a 200 day moving average price of $14.19. The firm has a market capitalization of $2.31 billion, a PE ratio of 27.50 and a beta of 1.45. Select Medical Holdings Corporation has a 1-year low of $10.20 and a 1-year high of $18.80.

Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Select Medical Holdings Corporation will post $0.90 earnings per share for the current fiscal year.

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SEM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, August 8th. Benchmark Co. lifted their price objective on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Deutsche Bank AG boosted their price target on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, JMP Securities boosted their price target on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.29.

In related news, insider Scott A. Romberger sold 3,127 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $14.37, for a total value of $44,934.99. Following the completion of the transaction, the insider now directly owns 159,084 shares of the company’s stock, valued at approximately $2,286,037.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael E. Tarvin sold 35,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total value of $533,750.00. Following the completion of the sale, the insider now directly owns 324,137 shares of the company’s stock, valued at $4,943,089.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,575 shares of company stock valued at $768,517. 19.93% of the stock is owned by corporate insiders.

Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

Institutional Ownership by Quarter for Select Medical Holdings Corporation (NYSE:SEM)

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