Public Sector Pension Investment Board Decreases Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Public Sector Pension Investment Board cut its stake in Select Medical Holdings Co. (NYSE:SEM) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,487 shares of the health services provider’s stock after selling 11,100 shares during the period. Public Sector Pension Investment Board’s holdings in Select Medical were worth $7,793,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SEM. Point72 Asset Management L.P. raised its holdings in Select Medical by 179.5% in the second quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock valued at $29,574,000 after acquiring an additional 541,728 shares in the last quarter. Millennium Management LLC grew its position in shares of Select Medical by 183.9% during the 2nd quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock valued at $23,824,000 after buying an additional 440,140 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in Select Medical during the second quarter worth about $14,819,000. Ceredex Value Advisors LLC bought a new position in Select Medical in the second quarter worth about $11,456,000. Finally, Loomis Sayles & Co. L P acquired a new position in Select Medical in the third quarter valued at approximately $9,710,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Select Medical

In other Select Medical news, Director Marilyn B. Tavenner sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the transaction, the director now owns 22,000 shares of the company’s stock, valued at approximately $463,980. This trade represents a 59.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.14% of the stock is owned by corporate insiders.

Select Medical Stock Up 3.7 %

SEM stock opened at $21.11 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a fifty-two week low of $20.00 and a fifty-two week high of $40.98. The firm’s 50-day simple moving average is $34.11 and its 200 day simple moving average is $34.71. The stock has a market cap of $2.73 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.91 and a beta of 1.42.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. Select Medical’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. As a group, sell-side analysts predict that Select Medical Holdings Co. will post 2.16 EPS for the current year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.37%. Select Medical’s payout ratio is 23.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SEM shares. StockNews.com downgraded Select Medical from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Royal Bank of Canada boosted 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. Bank of America assumed coverage on shares of Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Benchmark cut shares of Select Medical from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.75.

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.