Foundry Partners LLC Increases Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Foundry Partners LLC grew its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,860 shares of the health services provider’s stock after purchasing an additional 8,561 shares during the quarter. Foundry Partners LLC’s holdings in Select Medical were worth $8,573,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its holdings in shares of Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Select Medical during the second quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new position in shares of Select Medical during the second quarter valued at about $39,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Select Medical in the second quarter worth about $60,000. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 685 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com cut Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark restated a “buy” rating and issued a $48.00 target price on shares of Select Medical in a report on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Bank of America initiated coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.75.

Select Medical Stock Up 2.9 %

Shares of NYSE SEM opened at $38.09 on Thursday. The firm has a fifty day simple moving average of $34.93 and a two-hundred day simple moving average of $34.92. The firm has a market capitalization of $4.93 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.42. 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 $22.26 and a 12 month high of $40.98.

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

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.31%. Select Medical’s dividend payout ratio (DPR) is 23.36%.

Select Medical 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.