Louisiana State Employees Retirement System bought a new position in Select Medical Holdings Corporation (NYSE:SEM – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,900 shares of the health services provider’s stock, valued at approximately $797,000.
A number of other large investors have also made changes to their positions in the company. OP Asset Management Ltd acquired a new position in Select Medical in the first quarter valued at about $1,661,000. SG Americas Securities LLC raised its position in Select Medical by 543.9% in the 1st quarter. SG Americas Securities LLC now owns 231,988 shares of the health services provider’s stock valued at $3,779,000 after buying an additional 195,959 shares during the last quarter. Hsbc Holdings PLC increased its stake in Select Medical by 4.9% in the 4th quarter. Hsbc Holdings PLC now owns 29,331 shares of the health services provider’s stock valued at $436,000 after buying an additional 1,364 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Select Medical in the fourth quarter valued at about $28,000. Finally, Beartown Capital Management LLC acquired a new position in Select Medical during the fourth quarter valued at approximately $2,970,000. Institutional investors own 89.48% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Select Medical from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Mizuho restated a “neutral” rating and set a $16.50 price objective (down from $17.00) on shares of Select Medical in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.50.
Select Medical Stock Performance
SEM stock remained flat at $16.51 during mid-day trading on Tuesday. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $16.99. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.01. The company’s fifty day simple moving average is $16.52 and its 200 day simple moving average is $15.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88.
Select Medical (NYSE:SEM – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The health services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.07). Select Medical had a return on equity of 6.62% and a net margin of 2.42%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. Equities analysts expect that Select Medical Holdings Corporation will post 1.26 earnings per share for the current fiscal year.
Select Medical Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Select Medical’s dividend payout ratio (DPR) is currently 23.58%.
Select Medical Profile
Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.
Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.
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