Raymond James & Associates raised its stake in Select Medical Holdings Co. (NYSE:SEM – Get Rating) by 31.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,906 shares of the health services provider's stock after buying an additional 53,278 shares during the period. Raymond James & Associates' holdings in Select Medical were worth $5,300,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SEM. BNP Paribas Arbitrage SA lifted its holdings in shares of Select Medical by 71.0% during the fourth quarter. BNP Paribas Arbitrage SA now owns 176,651 shares of the health services provider's stock worth $5,194,000 after purchasing an additional 73,342 shares during the period. Bank of America Corp DE lifted its holdings in shares of Select Medical by 43.9% during the fourth quarter. Bank of America Corp DE now owns 639,163 shares of the health services provider's stock worth $18,792,000 after purchasing an additional 195,061 shares during the period. First Quadrant LLC CA acquired a new position in Select Medical in the first quarter valued at $35,000. State of New Jersey Common Pension Fund D lifted its holdings in Select Medical by 18.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 109,024 shares of the health services provider's stock valued at $2,615,000 after buying an additional 17,329 shares during the period. Finally, Duality Advisers LP acquired a new position in Select Medical in the first quarter valued at $1,281,000. Institutional investors and hedge funds own 79.12% of the company's stock.

Select Medical Trading Down 0.2 %

NYSE:SEM opened at $25.13 on Tuesday. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $26.73 and a 200-day moving average of $24.86. The company has a market cap of $3.16 billion, a PE ratio of 14.44, a PEG ratio of 0.87 and a beta of 1.35. Select Medical Holdings Co. has a one year low of $21.40 and a one year high of $37.08.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Tuesday, August 16th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, August 15th. Select Medical's payout ratio is 28.74%.

Analysts Set New Price Targets

Several research firms recently issued reports on SEM. Benchmark dropped their target price on shares of Select Medical to $39.00 in a report on Monday, August 15th. Credit Suisse Group decreased their price target on shares of Select Medical to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, May 17th.

Select Medical Profile

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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. The company's Critical Illness Recovery Hospital segment consists of hospitals that provide services for heart failure, infectious disease, respiratory failure and pulmonary disease, surgery requiring prolonged recovery, renal disease, neurological events, and trauma.

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