Select Medical Holdings Co. (NYSE:SEM) Stake Lowered by Huber Capital Management LLC

Huber Capital Management LLC cut its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 17.6% in the 2nd quarter, Holdings Channel reports. The firm owned 110,041 shares of the health services provider’s stock after selling 23,500 shares during the quarter. Huber Capital Management LLC’s holdings in Select Medical were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in shares of Select Medical during the second quarter valued at approximately $39,000. Intech Investment Management LLC bought a new position in shares of Select Medical during the second quarter valued at approximately $621,000. Leuthold Group LLC bought a new position in Select Medical in the 2nd quarter worth about $3,393,000. First Eagle Investment Management LLC increased its stake in shares of Select Medical by 2.8% in the second quarter. First Eagle Investment Management LLC now owns 283,359 shares of the health services provider’s stock valued at $9,935,000 after purchasing an additional 7,800 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Select Medical during the second quarter valued at approximately $204,000. 89.48% of the stock is owned by institutional investors.

Select Medical Stock Performance

SEM opened at $35.00 on Friday. The business has a 50 day moving average price of $35.53 and a two-hundred day moving average price of $32.97. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.42. Select Medical Holdings Co. has a 1-year low of $21.28 and a 1-year high of $40.50.

Select Medical (NYSE:SEM) last announced its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. Research analysts predict that Select Medical Holdings Co. will post 2.07 EPS for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Select Medical’s payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

Several research firms recently commented on SEM. Benchmark restated a “buy” rating and issued a $48.00 target price on shares of Select Medical in a research report on Friday, September 6th. Bank of America started coverage on Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.00.

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.