Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in Select Medical Holdings Co. (NYSE:SEM) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,819 shares of the health services provider’s stock after selling 3,919 shares during the period. Illinois Municipal Retirement Fund’s holdings in Select Medical were worth $1,406,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Paralel Advisors LLC raised its position in shares of Select Medical by 1.1% in the third quarter. Paralel Advisors LLC now owns 73,981 shares of the health services provider’s stock valued at $1,870,000 after buying an additional 836 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Select Medical by 1.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,310 shares of the health services provider’s stock valued at $1,112,000 after purchasing an additional 858 shares during the period. Avior Wealth Management LLC purchased a new stake in Select Medical in the third quarter valued at approximately $25,000. Linden Thomas Advisory Services LLC grew its holdings in Select Medical by 11.8% in the third quarter. Linden Thomas Advisory Services LLC now owns 10,679 shares of the health services provider’s stock valued at $270,000 after purchasing an additional 1,130 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Select Medical in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark restated a “buy” rating and issued a $39.00 target price on shares of Select Medical in a report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.40.

Select Medical Price Performance

SEM opened at $27.44 on Friday. The company has a 50 day moving average of $28.24 and a two-hundred day moving average of $25.74. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $33.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32. The company has a market cap of $3.52 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.08 and a beta of 1.37.

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

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. Select Medical’s payout ratio is currently 26.18%.

Insider Transactions at Select Medical

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 19.14% of the company’s stock.

Select Medical Company Profile

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.