Verition Fund Management LLC bought a new position in shares of Select Medical Holdings Co. (NYSE:SEM – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,579 shares of the health services provider's stock, valued at approximately $278,000.

A number of other large investors have also recently added to or reduced their stakes in the business. First Quadrant LLC CA purchased a new position in Select Medical during the 1st quarter worth approximately $35,000. UBS Group AG lifted its stake in shares of Select Medical by 252.4% in the 1st quarter. UBS Group AG now owns 2,844 shares of the health services provider's stock valued at $69,000 after purchasing an additional 2,037 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Select Medical in the 1st quarter valued at $132,000. Captrust Financial Advisors lifted its stake in shares of Select Medical by 35.5% in the 1st quarter. Captrust Financial Advisors now owns 5,931 shares of the health services provider's stock valued at $142,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in shares of Select Medical in the 1st quarter valued at $210,000. 79.12% of the stock is currently owned by institutional investors.

Select Medical Stock Down 2.5 %

Select Medical stock opened at $23.02 on Monday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 0.81 and a beta of 1.35. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.98 and a quick ratio of 0.98. Select Medical Holdings Co. has a fifty-two week low of $21.40 and a fifty-two week high of $37.08. The firm has a fifty day moving average price of $26.90 and a two-hundred day moving average price of $25.11.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Tuesday, August 16th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, August 15th. Select Medical's dividend payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reduced their price objective on shares of Select Medical to $39.00 in a research note on Monday, August 15th.

Select Medical Company Profile

(Get Rating)

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.

Featured Articles

• Get a free copy of the StockNews.com research report on Select Medical (SEM)
• Can Caterpillar Claw Higher in a Falling Market?
• Is Dave & Buster's Immune to High Inflation and Lower Spending?
• Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
• Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
• MarketBeat: Week in Review 9/19 – 9/23

Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.