Wealth Enhancement Advisory Services LLC Takes Position in Select Medical Holdings Co. (NYSE:SEM)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,536 shares of the health services provider’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SEM. Norges Bank purchased a new stake in shares of Select Medical during the fourth quarter valued at approximately $34,320,000. Vanguard Group Inc. increased its stake in Select Medical by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after buying an additional 650,093 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Select Medical by 450.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 309,273 shares of the health services provider’s stock worth $9,325,000 after buying an additional 253,134 shares in the last quarter. Victory Capital Management Inc. boosted its position in Select Medical by 15.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,739,361 shares of the health services provider’s stock valued at $40,875,000 after buying an additional 235,964 shares during the last quarter. Finally, 8 Knots Management LLC purchased a new stake in shares of Select Medical during the first quarter worth about $4,917,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Trading Up 0.6 %

NYSE:SEM opened at $35.79 on Tuesday. The company has a market cap of $4.65 billion, a PE ratio of 17.04, a P/E/G ratio of 1.51 and a beta of 1.43. The business’s 50 day moving average is $35.64 and its two-hundred day moving average is $31.98. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical Holdings Co. has a 52 week low of $21.28 and a 52 week 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 (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts predict that Select Medical Holdings Co. will post 2.18 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.40%. Select Medical’s dividend payout ratio (DPR) is 23.81%.

Analysts Set New Price Targets

A number of research analysts recently commented on SEM shares. Royal Bank of Canada increased their price target on Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Bank of America assumed coverage on Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $48.00 price target on shares of Select Medical in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.