State of Alaska Department of Revenue lifted its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 126.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,349 shares of the health services provider’s stock after purchasing an additional 46,472 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Select Medical worth $1,381,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management bought a new stake in Select Medical in the 2nd quarter valued at $26,499,000. Nuveen Asset Management LLC raised its holdings in shares of Select Medical by 4,746.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,650,648 shares of the health services provider’s stock worth $26,196,000 after buying an additional 1,616,588 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Select Medical by 23.3% during the 1st quarter. Marshall Wace LLP now owns 1,199,954 shares of the health services provider’s stock worth $16,907,000 after buying an additional 226,639 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Select Medical by 1.2% during the 2nd quarter. BlackRock Inc. now owns 16,931,926 shares of the health services provider’s stock worth $268,711,000 after buying an additional 207,146 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Select Medical by 0.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 23,057,491 shares of the health services provider’s stock worth $365,922,000 after buying an additional 164,553 shares in the last quarter. 75.47% of the stock is currently owned by institutional investors.
In other Select Medical news, VP Robert G. Breighner, Jr. sold 3,589 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $15.22, for a total value of $54,624.58. Following the sale, the vice president now owns 33,035 shares in the company, valued at approximately $502,792.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott A. Romberger sold 9,344 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $17.26, for a total value of $161,277.44. Following the completion of the sale, the senior vice president now owns 146,620 shares in the company, valued at approximately $2,530,661.20. The disclosure for this sale can be found here. Insiders own 19.50% of the company’s stock.
A number of equities analysts have recently commented on the company. TheStreet raised Select Medical from a “c+” rating to a “b-” rating in a report on Thursday, June 27th. Deutsche Bank assumed coverage on Select Medical in a report on Monday, September 16th. They set a “buy” rating and a $22.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Select Medical has an average rating of “Hold” and a consensus target price of $18.00.
Shares of SEM stock opened at $16.59 on Friday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.09 and a beta of 1.29. Select Medical Holdings Co. has a twelve month low of $12.96 and a twelve month high of $20.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 4.18. The stock’s fifty day simple moving average is $16.43 and its 200 day simple moving average is $15.43.
Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities research analysts expect that Select Medical Holdings Co. will post 1.05 EPS for the current fiscal year.
Select Medical Profile
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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