8 Knots Management LLC Increases Stock Position in Select Medical Holdings Co. (NYSE:SEM)

8 Knots Management LLC lifted its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 385,174 shares of the health services provider’s stock after acquiring an additional 8,810 shares during the period. Select Medical makes up about 0.7% of 8 Knots Management LLC’s portfolio, making the stock its 16th biggest holding. 8 Knots Management LLC’s holdings in Select Medical were worth $7,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Select Medical by 396.0% in the third quarter. Barclays PLC now owns 192,357 shares of the health services provider’s stock valued at $6,707,000 after acquiring an additional 153,576 shares in the last quarter. Virtu Financial LLC purchased a new position in Select Medical in the 3rd quarter valued at about $210,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Select Medical during the 3rd quarter worth about $81,000. Tidal Investments LLC purchased a new stake in shares of Select Medical during the third quarter worth about $286,000. Finally, Franklin Resources Inc. raised its position in shares of Select Medical by 12.0% in the third quarter. Franklin Resources Inc. now owns 69,448 shares of the health services provider’s stock valued at $2,354,000 after buying an additional 7,441 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SEM. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Mizuho started coverage on Select Medical in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $25.00 price objective for the company. Royal Bank of Canada reduced their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, February 24th. Finally, UBS Group cut their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.80.

Select Medical Price Performance

SEM stock opened at $18.16 on Tuesday. The stock has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $22.12. The company has a market cap of $2.34 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a 12-month low of $14.99 and a 12-month high of $40.98.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. As a group, research analysts predict that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.38%. Select Medical’s payout ratio is 15.15%.

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.