Select Medical Holdings Co. (NYSE:SEM) Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Select Medical Holdings Co. (NYSE:SEM) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,005,302 shares of the health services provider’s stock after acquiring an additional 64,373 shares during the period. Vanguard Group Inc. owned about 9.36% of Select Medical worth $303,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SEM. Bank of New York Mellon Corp grew its position in Select Medical by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 1,478,832 shares of the health services provider’s stock valued at $35,478,000 after purchasing an additional 11,231 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Select Medical by 46.7% during the 1st quarter. MetLife Investment Management LLC now owns 59,542 shares of the health services provider’s stock valued at $1,428,000 after acquiring an additional 18,949 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Select Medical by 6.7% in the first quarter. Rhumbline Advisers now owns 284,568 shares of the health services provider’s stock worth $6,827,000 after acquiring an additional 17,762 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Select Medical by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,360 shares of the health services provider’s stock valued at $2,192,000 after purchasing an additional 11,264 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Select Medical by 4.3% in the first quarter. BlackRock Inc. now owns 18,575,139 shares of the health services provider’s stock valued at $445,617,000 after purchasing an additional 762,219 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Select Medical

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $26.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the chairman now owns 6,789,668 shares in the company, valued at approximately $176,531,368. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $26.00, for a total transaction of $1,300,000.00. Following the completion of the transaction, the chairman now directly owns 6,789,668 shares in the company, valued at approximately $176,531,368. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Robert A. Ortenzio sold 100,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $26.63, for a total transaction of $2,663,000.00. Following the completion of the sale, the chairman now directly owns 6,839,668 shares of the company’s stock, valued at $182,140,358.84. The disclosure for this sale can be found here. 19.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. UBS Group started coverage on shares of Select Medical in a research report on Thursday, November 30th. They issued a “neutral” rating and a $26.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.40.

Select Medical Stock Up 2.5 %

Shares of SEM stock opened at $29.46 on Thursday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day simple moving average is $27.38 and its 200 day simple moving average is $25.29. Select Medical Holdings Co. has a twelve month low of $21.28 and a twelve month high of $33.51.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a net margin of 3.65% and a return on equity of 16.93%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, research analysts predict that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, February 29th. Select Medical’s dividend payout ratio is currently 26.18%.

About Select Medical

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. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.