Mount Yale Investment Advisors LLC Purchases New Holdings in Select Medical Holdings Co. (NYSE:SEM)

Mount Yale Investment Advisors LLC bought a new stake in shares of Select Medical Holdings Co. (NYSE:SEM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,549 shares of the health services provider’s stock, valued at approximately $193,000.

A number of other hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC lifted its stake in shares of Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after buying an additional 645 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Select Medical in the 2nd quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Select Medical during the 2nd quarter worth approximately $39,000. Fidelis Capital Partners LLC purchased a new stake in shares of Select Medical in the first quarter valued at approximately $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Select Medical in the second quarter valued at approximately $60,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Select Medical Price Performance

SEM stock opened at $32.16 on Tuesday. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $40.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. The business has a fifty day moving average of $34.35 and a two-hundred day moving average of $33.87.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, research analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Dividend Announcement

The business 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 was Wednesday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.55%. Select Medical’s dividend payout ratio (DPR) is presently 23.92%.

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.