Select Medical Holdings Co. (NYSE:SEM) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 25.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 109,375 shares of the health services provider’s stock after buying an additional 21,840 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Select Medical were worth $2,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Watershed Asset Management L.L.C. increased its stake in Select Medical by 8.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider’s stock worth $253,000 after acquiring an additional 814 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Select Medical during the fourth quarter worth $33,000. Linden Thomas Advisory Services LLC boosted its position in shares of Select Medical by 16.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,429 shares of the health services provider’s stock worth $292,000 after buying an additional 1,750 shares during the period. New York State Common Retirement Fund boosted its position in shares of Select Medical by 78.4% during the fourth quarter. New York State Common Retirement Fund now owns 87,216 shares of the health services provider’s stock worth $2,050,000 after buying an additional 38,321 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of Select Medical by 12.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 45,295 shares of the health services provider’s stock worth $1,064,000 after buying an additional 5,127 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Trading Down 1.4 %

NYSE:SEM opened at $27.98 on Thursday. The firm has a market cap of $3.59 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.11 and a beta of 1.38. The stock has a fifty day moving average price of $28.31 and a 200 day moving average price of $25.85. Select Medical Holdings Co. has a 12-month low of $21.28 and a 12-month high of $33.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32.

Select Medical (NYSE:SEM) last released its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. Select Medical’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. Sell-side analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, March 1st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Thursday, February 29th. Select Medical’s dividend payout ratio (DPR) is 26.18%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Benchmark restated a “buy” rating and set a $39.00 price target on shares of Select Medical in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.40.

Insiders Place Their Bets

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the sale, the chairman now directly owns 6,689,668 shares in the company, valued at approximately $200,021,073.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.14% of the stock is owned by company insiders.

About Select Medical

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.