1,718 Shares in Select Medical Holdings Co. (NYSE:SEM) Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new stake in Select Medical Holdings Co. (NYSE:SEM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,718 shares of the health services provider’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC purchased a new stake in Select Medical in the 1st quarter worth $467,000. Denali Advisors LLC raised its position in shares of Select Medical by 96.7% during the 1st quarter. Denali Advisors LLC now owns 125,483 shares of the health services provider’s stock worth $3,783,000 after purchasing an additional 61,700 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Select Medical in the 1st quarter worth about $690,000. Vanguard Group Inc. increased its stake in Select Medical by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 12,347,798 shares of the health services provider’s stock worth $290,173,000 after buying an additional 342,496 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Select Medical during the first quarter valued at approximately $730,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Stock Performance

Shares of Select Medical stock opened at $35.00 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average price is $35.53 and its 200 day moving average price is $33.00. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.13 and a beta of 1.42. Select Medical Holdings Co. has a one year low of $21.28 and a one year high of $40.50.

Select Medical (NYSE:SEM) last announced its quarterly earnings results 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). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the firm posted $0.61 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that Select Medical Holdings Co. will post 2.07 EPS for the current year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, August 14th. Select Medical’s payout ratio is presently 23.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SEM shares. Benchmark reaffirmed a “buy” rating and issued a $48.00 price target on shares of Select Medical in a research note on Friday, September 6th. Bank of America began coverage on shares of Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Select Medical has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.