Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in Select Medical Holdings Co. (NYSE:SEM) by 21.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456,076 shares of the health services provider’s stock after selling 122,341 shares during the quarter. Prudential Financial Inc. owned 0.34% of Select Medical worth $7,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SEM. LSV Asset Management acquired a new stake in shares of Select Medical in the 2nd quarter valued at approximately $26,499,000. Geode Capital Management LLC grew its holdings in Select Medical by 25.5% during the fourth quarter. Geode Capital Management LLC now owns 1,317,955 shares of the health services provider’s stock worth $20,230,000 after acquiring an additional 267,547 shares during the period. Marshall Wace LLP raised its position in Select Medical by 23.3% in the first quarter. Marshall Wace LLP now owns 1,199,954 shares of the health services provider’s stock worth $16,907,000 after acquiring an additional 226,639 shares in the last quarter. Royce & Associates LP raised its position in Select Medical by 26.6% in the first quarter. Royce & Associates LP now owns 411,676 shares of the health services provider’s stock worth $5,801,000 after acquiring an additional 86,500 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in Select Medical in the first quarter valued at $1,061,000. 75.62% of the stock is currently owned by institutional investors.

Shares of SEM traded up $0.06 on Wednesday, reaching $17.11. The stock had a trading volume of 51,353 shares, compared to its average volume of 371,665. Select Medical Holdings Co. has a twelve month low of $12.96 and a twelve month high of $20.24. The firm has a market capitalization of $2.35 billion, a PE ratio of 16.61, a PEG ratio of 1.15 and a beta of 1.33. The firm has a 50-day moving average of $16.22 and a 200 day moving average of $15.12. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 4.18.



Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Select Medical had a return on equity of 14.79% and a net margin of 2.73%. Select Medical’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, sell-side analysts anticipate that Select Medical Holdings Co. will post 1.08 earnings per share for the current fiscal year.

In other Select Medical news, VP Robert G. Breighner, Jr. sold 3,589 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $15.22, for a total value of $54,624.58. Following the sale, the vice president now owns 33,035 shares of the company’s stock, valued at $502,792.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott A. Romberger sold 9,344 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $17.26, for a total transaction of $161,277.44. Following the completion of the sale, the senior vice president now owns 146,620 shares in the company, valued at $2,530,661.20. The disclosure for this sale can be found here. Company insiders own 19.50% of the company’s stock.

A number of research firms have recently weighed in on SEM. ValuEngine raised shares of Select Medical from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. TheStreet upgraded shares of Select Medical from a “c+” rating to a “b-” rating in a report on Thursday, June 27th. Finally, JMP Securities upgraded shares of Select Medical from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.67.

Select Medical Profile

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates through four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.

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Institutional Ownership by Quarter for Select Medical (NYSE:SEM)

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