Strs Ohio trimmed its position in Select Medical Holdings Co. (NYSE:SEM) by 8.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 62,600 shares of the health services provider’s stock after selling 5,700 shares during the quarter. Strs Ohio’s holdings in Select Medical were worth $993,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in SEM. Two Sigma Advisers LP purchased a new position in shares of Select Medical in the fourth quarter worth about $244,000. Bank of America Corp DE raised its stake in shares of Select Medical by 448.7% in the fourth quarter. Bank of America Corp DE now owns 193,541 shares of the health services provider’s stock worth $2,971,000 after purchasing an additional 158,266 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Select Medical in the fourth quarter worth about $260,000. Norges Bank purchased a new position in shares of Select Medical in the fourth quarter worth about $29,865,000. Finally, Geode Capital Management LLC raised its stake in shares of Select Medical by 25.5% in the fourth quarter. Geode Capital Management LLC now owns 1,317,955 shares of the health services provider’s stock worth $20,230,000 after purchasing an additional 267,547 shares during the last quarter. Hedge funds and other institutional investors own 75.16% of the company’s stock.
Shares of SEM stock opened at $16.10 on Wednesday. The firm’s 50 day moving average is $15.95. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $2.17 billion, a PE ratio of 15.63, a P/E/G ratio of 1.06 and a beta of 1.27. Select Medical Holdings Co. has a twelve month low of $12.96 and a twelve month high of $20.24.
Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Select Medical had a return on equity of 14.79% and a net margin of 2.73%. Select Medical’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Research analysts anticipate that Select Medical Holdings Co. will post 1.08 EPS for the current year.
Several brokerages have recently issued reports on SEM. JMP Securities upgraded Select Medical from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Friday, May 17th. ValuEngine upgraded Select Medical from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Barclays reiterated a “hold” rating and set a $16.00 price target on shares of Select Medical in a research report on Thursday, May 9th. Finally, TheStreet upgraded Select Medical from a “c+” rating to a “b-” rating in a research report on Thursday, June 27th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Select Medical has an average rating of “Hold” and an average price target of $16.67.
In related news, VP Robert G. Breighner, Jr. sold 3,589 shares of Select Medical stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $15.22, for a total transaction of $54,624.58. Following the completion of the transaction, the vice president now directly owns 33,035 shares in the company, valued at $502,792.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.50% of the stock is currently owned by company insiders.
About Select Medical
Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates through four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.
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