New York State Common Retirement Fund Boosts Stake in Select Medical Holdings Co. (NYSE:SEM)

New York State Common Retirement Fund boosted its position in Select Medical Holdings Co. (NYSE:SEM) by 78.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,216 shares of the health services provider’s stock after acquiring an additional 38,321 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Select Medical worth $2,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SEM. Deutsche Bank AG raised its holdings in shares of Select Medical by 1,015.2% during the 3rd quarter. Deutsche Bank AG now owns 553,306 shares of the health services provider’s stock valued at $13,982,000 after buying an additional 503,692 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Select Medical in the 3rd quarter worth approximately $5,637,000. Trexquant Investment LP grew its holdings in shares of Select Medical by 257.8% during the 3rd quarter. Trexquant Investment LP now owns 165,742 shares of the health services provider’s stock valued at $4,188,000 after purchasing an additional 119,416 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Select Medical in the 3rd quarter worth $2,012,000. Finally, Foundry Partners LLC lifted its stake in Select Medical by 31.8% in the third quarter. Foundry Partners LLC now owns 278,433 shares of the health services provider’s stock worth $7,036,000 after purchasing an additional 67,157 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Insider Activity

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the sale, the chairman now directly owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.50% of the stock is currently owned by company insiders.

Select Medical Price Performance

Shares of SEM stock opened at $32.84 on Thursday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $4.27 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.24 and a beta of 1.38. The business’s 50 day moving average price is $28.71 and its 200-day moving average price is $26.12. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. On average, equities research analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 15th. Select Medical’s dividend payout ratio is currently 23.81%.

Analyst Ratings Changes

Several research analysts have recently commented on SEM shares. Royal Bank of Canada lifted their price objective on Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $39.00 target price on shares of Select Medical in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Select Medical presently has an average rating of “Moderate Buy” and an average price target of $34.25.

Select Medical 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.