Swiss National Bank lifted its stake in Select Medical Holdings Co. (NYSE:SEM – Get Rating) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 253,800 shares of the health services provider's stock after buying an additional 16,500 shares during the period. Swiss National Bank's holdings in Select Medical were worth $6,089,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in SEM. Victory Capital Management Inc. lifted its stake in shares of Select Medical by 30.6% in the first quarter. Victory Capital Management Inc. now owns 1,323,027 shares of the health services provider's stock valued at $31,674,000 after buying an additional 309,799 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Select Medical by 11.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,385,402 shares of the health services provider's stock valued at $70,131,000 after buying an additional 239,633 shares during the period. State Street Corp lifted its stake in shares of Select Medical by 6.6% in the fourth quarter. State Street Corp now owns 3,812,553 shares of the health services provider's stock valued at $112,089,000 after buying an additional 237,383 shares during the period. Bank of America Corp DE lifted its stake in shares of Select Medical by 43.9% in the fourth quarter. Bank of America Corp DE now owns 639,163 shares of the health services provider's stock valued at $18,792,000 after buying an additional 195,061 shares during the period. Finally, Invesco Ltd. lifted its stake in Select Medical by 23.8% during the fourth quarter. Invesco Ltd. now owns 901,279 shares of the health services provider's stock worth $26,498,000 after purchasing an additional 173,332 shares during the period. Institutional investors own 90.98% of the company's stock.
Get Select Medical alerts:Select Medical Stock Performance
NYSE SEM opened at $26.65 on Wednesday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.92 and a beta of 1.31. The company has a 50 day moving average of $26.23 and a 200-day moving average of $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 1-year low of $21.40 and a 1-year high of $37.08.
Select Medical (NYSE:SEM – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The health services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.08). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Select Medical had a return on equity of 17.19% and a net margin of 3.68%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS. On average, equities analysts forecast 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 disclosed 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. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, August 15th. Select Medical's payout ratio is 28.74%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on SEM shares. Benchmark cut their price target on shares of Select Medical to $39.00 in a research note on Monday, August 15th. Credit Suisse Group cut 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 Company 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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