ProShare Advisors LLC Has $563,000 Position in Select Medical Holdings Co. (NYSE:SEM)

ProShare Advisors LLC reduced its stake in Select Medical Holdings Co. (NYSE:SEM) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,059 shares of the health services provider’s stock after selling 4,925 shares during the period. ProShare Advisors LLC’s holdings in Select Medical were worth $563,000 as of its most recent SEC filing.

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

Select Medical Stock Performance

NYSE SEM opened at $34.67 on Monday. The company has a fifty day moving average price of $35.19 and a 200-day moving average price of $33.23. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.18 and a beta of 1.42. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. 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 issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.44%. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $48.00 price target on shares of Select Medical in a research note 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’s stock. Based on data from MarketBeat.com, Select Medical has a consensus rating of “Moderate Buy” and a consensus 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.