Loomis Sayles & Co. L P Buys New Stake in Select Medical Holdings Co. (NYSE:SEM)

Loomis Sayles & Co. L P bought a new position in shares of Select Medical Holdings Co. (NYSE:SEM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 278,469 shares of the health services provider’s stock, valued at approximately $9,710,000. Loomis Sayles & Co. L P owned about 0.22% of Select Medical at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in shares of Select Medical during the 1st quarter worth about $467,000. Comerica Bank grew its stake in shares of Select Medical by 30.0% in the first quarter. Comerica Bank now owns 68,485 shares of the health services provider’s stock worth $2,065,000 after acquiring an additional 15,824 shares during the last quarter. Boston Partners bought a new position in Select Medical during the first quarter worth $718,000. GAMMA Investing LLC raised its stake in Select Medical by 52.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after purchasing an additional 685 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Select Medical by 9.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 18,938 shares of the health services provider’s stock valued at $664,000 after purchasing an additional 1,601 shares during the period. 89.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SEM has been the subject of a number of research analyst reports. StockNews.com lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Bank of America started coverage on Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. Royal Bank of Canada lifted their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.75.

Select Medical Stock Performance

NYSE SEM opened at $20.35 on Thursday. The stock has a market cap of $2.63 billion, a P/E ratio of 9.51, a PEG ratio of 1.73 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a twelve month low of $20.00 and a twelve month high of $40.98. The company’s 50-day simple moving average is $34.69 and its 200 day simple moving average is $34.90.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. Select Medical’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. As a group, research analysts forecast that Select Medical Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s payout ratio is 23.36%.

Select Medical Company Profile

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.