Qube Research & Technologies Ltd lowered its position in Select Medical Holdings Co. (NYSE:SEM – Get Rating) by 15.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,834 shares of the health services provider's stock after selling 3,629 shares during the period. Qube Research & Technologies Ltd's holdings in Select Medical were worth $476,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. First Quadrant LLC CA bought a new position in shares of Select Medical in the 1st quarter worth approximately $35,000. Advisor Group Holdings Inc. grew its stake in shares of Select Medical by 91.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,441 shares of the health services provider's stock worth $131,000 after buying an additional 2,125 shares during the last quarter. Alterna Wealth Management Inc. purchased a new stake in shares of Select Medical in the 4th quarter worth approximately $202,000. Inspire Investing LLC purchased a new stake in shares of Select Medical in the 1st quarter worth approximately $238,000. Finally, Brinker Capital Investments LLC purchased a new stake in shares of Select Medical in the 4th quarter worth approximately $279,000. Institutional investors own 90.98% of the company's stock.
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Analysts Set New Price Targets
Several analysts recently weighed in on the company. Benchmark cut their price target on Select Medical to $39.00 in a research note on Monday, August 15th. Credit Suisse Group cut their price target on Select Medical to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 17th.
Select Medical Stock Performance
Shares of SEM opened at $26.66 on Tuesday. The business's fifty day simple moving average is $26.23 and its two-hundred day simple moving average is $24.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.86. Select Medical Holdings Co. has a 12 month low of $21.40 and a 12 month high of $37.08. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.92 and a beta of 1.31.
Select Medical (NYSE:SEM – Get Rating) last issued its earnings results on Thursday, August 4th. The health services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.08). Select Medical had a net margin of 3.68% and a return on equity of 17.19%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts anticipate that Select Medical Holdings Co. will post 1.94 earnings per share for the current fiscal year.
Select Medical Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Tuesday, August 16th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. Select Medical's payout ratio is 28.74%.
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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