First Eagle Investment Management LLC Grows Position in Select Medical Holdings Corporation $SEM

First Eagle Investment Management LLC grew its stake in Select Medical Holdings Corporation (NYSE:SEM) by 12.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 428,948 shares of the health services provider’s stock after buying an additional 47,789 shares during the period. First Eagle Investment Management LLC’s holdings in Select Medical were worth $6,511,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SEM. Caitong International Asset Management Co. Ltd increased its position 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 valued at $45,000 after acquiring an additional 1,030 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Select Medical during the 1st quarter valued at about $60,000. Advisors Asset Management Inc. increased its holdings in shares of Select Medical by 168.2% in the first quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock valued at $105,000 after purchasing an additional 3,952 shares during the period. Wealthquest Corp purchased a new position in shares of Select Medical in the first quarter worth about $143,000. Finally, AlphaQuest LLC lifted its holdings in shares of Select Medical by 600.2% during the first quarter. AlphaQuest LLC now owns 8,731 shares of the health services provider’s stock worth $146,000 after purchasing an additional 7,484 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Select Medical in a research report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of Select Medical in a research note on Monday, October 27th. Wall Street Zen upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America cut their price target on Select Medical from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, Mizuho set a $17.00 price objective on Select Medical in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.80.

Select Medical Stock Performance

Shares of NYSE SEM opened at $13.30 on Friday. The company has a market capitalization of $1.65 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.57 and a beta of 1.30. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15. The company’s fifty day moving average price is $13.20 and its 200 day moving average price is $14.10. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $40.98.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, October 30th. The health services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Select Medical has set its FY 2025 guidance at 1.140-1.240 EPS. On average, research analysts predict that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Wednesday, November 12th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.25 dividend on an annualized basis and a yield of 1.9%. Select Medical’s dividend payout ratio is presently 29.07%.

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.