Cibc World Markets Corp Purchases New Position in Select Medical Holdings Co. (NYSE:SEM)

Cibc World Markets Corp acquired a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,131 shares of the health services provider’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SEM. Quarry LP acquired a new position in Select Medical in the third quarter valued at $30,000. Smartleaf Asset Management LLC raised its holdings in Select Medical by 179.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock worth $43,000 after purchasing an additional 1,473 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Medical in the 3rd quarter worth about $81,000. Vista Finance LLC acquired a new stake in shares of Select Medical in the fourth quarter valued at approximately $193,000. Finally, Vestcor Inc grew its holdings in Select Medical by 16.7% during the 4th quarter. Vestcor Inc now owns 11,055 shares of the health services provider’s stock valued at $208,000 after buying an additional 1,580 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Down 0.6 %

SEM stock opened at $16.96 on Thursday. The firm has a market cap of $2.19 billion, a PE ratio of 10.28, a P/E/G ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a 12 month low of $16.20 and a 12 month high of $40.98. The firm has a 50 day simple moving average of $18.47 and a 200 day simple moving average of $25.25. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. Equities research analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is 15.15%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SEM. Royal Bank of Canada lowered their target price on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. UBS Group dropped their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, February 24th. Finally, StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.25.

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.