EMC Capital Management Purchases 4,862 Shares of Select Medical Holdings Co. (NYSE:SEM)

EMC Capital Management boosted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 63.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,536 shares of the health services provider’s stock after acquiring an additional 4,862 shares during the quarter. EMC Capital Management’s holdings in Select Medical were worth $437,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SEM. Hexagon Capital Partners LLC lifted its position in shares of Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after purchasing an additional 645 shares during the period. Transcendent Capital Group LLC purchased a new position in Select Medical during the 2nd quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new stake in shares of Select Medical in the 2nd quarter worth approximately $39,000. Fidelis Capital Partners LLC purchased a new position in Select Medical during the first quarter valued at $47,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Select Medical in the second quarter worth $60,000. 89.48% of the stock is owned by institutional investors.

Select Medical Stock Up 12.1 %

Shares of Select Medical stock opened at $35.95 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical Holdings Co. has a twelve month low of $21.28 and a twelve month high of $40.50. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.98 and a beta of 1.42. The company’s 50 day moving average is $34.26 and its 200 day moving average is $33.97.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Select Medical had a return on equity of 17.56% and a net margin of 3.97%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, November 13th. Select Medical’s payout ratio is currently 23.36%.

Analysts Set New Price Targets

Several brokerages recently commented on SEM. Benchmark reissued a “buy” rating and set a $48.00 price objective on shares of Select Medical in a research report on Friday. Bank of America initiated coverage on shares of Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.00.

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.