Select Medical Holdings Corporation $SEM Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its holdings in Select Medical Holdings Corporation (NYSE:SEM) by 37.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,108 shares of the health services provider’s stock after selling 10,444 shares during the period. Ritholtz Wealth Management’s holdings in Select Medical were worth $260,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of Select Medical by 61.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock worth $45,000 after purchasing an additional 1,030 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Select Medical in the first quarter worth approximately $60,000. Advisors Asset Management Inc. boosted its holdings in shares of Select Medical by 168.2% during the first quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock worth $105,000 after purchasing an additional 3,952 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Select Medical by 217.4% during the first quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock worth $109,000 after purchasing an additional 4,453 shares during the period. Finally, Wealthquest Corp acquired a new stake in shares of Select Medical during the first quarter worth approximately $143,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on SEM shares. Bank of America decreased their price target on shares of Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Select Medical in a report on Wednesday, October 8th. UBS Group restated a “neutral” rating and set a $14.00 price target (down from $15.00) on shares of Select Medical in a report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their target price on shares of Select Medical from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

Select Medical Price Performance

NYSE SEM opened at $13.82 on Wednesday. Select Medical Holdings Corporation has a 12-month low of $11.65 and a 12-month high of $40.98. The stock has a market capitalization of $1.71 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $12.96 and a two-hundred day moving average price of $14.32.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. As a group, equities analysts predict that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.8%. Select Medical’s dividend payout ratio (DPR) is currently 23.58%.

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.