Diversified Trust Co boosted its holdings in Select Medical Holdings Co. (NYSE:SEM – Get Rating) by 12.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,650 shares of the health services provider's stock after purchasing an additional 2,658 shares during the quarter. Diversified Trust Co's holdings in Select Medical were worth $582,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SEM. Great West Life Assurance Co. Can grew its holdings in shares of Select Medical by 0.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 93,400 shares of the health services provider's stock valued at $2,297,000 after purchasing an additional 604 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Select Medical by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,271 shares of the health services provider's stock worth $366,000 after purchasing an additional 792 shares during the period. Yousif Capital Management LLC lifted its position in shares of Select Medical by 0.9% during the 1st quarter. Yousif Capital Management LLC now owns 96,181 shares of the health services provider's stock valued at $2,307,000 after acquiring an additional 813 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Select Medical by 4.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 22,390 shares of the health services provider's stock valued at $537,000 after acquiring an additional 1,006 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of Select Medical by 0.5% during the 4th quarter. Public Sector Pension Investment Board now owns 215,842 shares of the health services provider's stock valued at $6,346,000 after acquiring an additional 1,020 shares during the period. Institutional investors and hedge funds own 79.12% of the company's stock.
Get Select Medical alerts:Wall Street Analysts Forecast Growth
Separately, Benchmark lowered their price objective on shares of Select Medical to $39.00 in a report on Monday, August 15th.
Select Medical Stock Performance
NYSE SEM opened at $24.90 on Thursday. Select Medical Holdings Co. has a 1 year low of $21.40 and a 1 year high of $37.08. 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 market cap of $3.14 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.92 and a beta of 1.35. The company has a fifty day moving average price of $27.01 and a 200-day moving average price of $25.11.Select Medical (NYSE:SEM – Get Rating) last posted its quarterly earnings results 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 company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Select Medical had a net margin of 3.68% and a return on equity of 17.19%. Select Medical's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. As a group, equities research analysts predict that Select Medical Holdings Co. will post 1.9 EPS for the current fiscal year.
Select Medical Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 16th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.50 annualized dividend and a yield of 2.01%. Select Medical's payout ratio is currently 28.74%.
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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