Sanctuary Advisors LLC Acquires New Holdings in Select Medical Holdings Co. (NYSE:SEM)

Sanctuary Advisors LLC bought a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 25,023 shares of the health services provider’s stock, valued at approximately $877,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in Select Medical by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,202,219 shares of the health services provider’s stock valued at $518,647,000 after acquiring an additional 90,604 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Select Medical by 5.3% during the first 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. Dimensional Fund Advisors LP grew its holdings in shares of Select Medical by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock worth $157,728,000 after buying an additional 95,578 shares in the last quarter. Principal Financial Group Inc. raised its position in Select Medical by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,241,823 shares of the health services provider’s stock valued at $67,591,000 after buying an additional 95,707 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Select Medical by 179.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock valued at $29,574,000 after acquiring an additional 541,728 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Bank of America started coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective on the stock. Benchmark restated a “buy” rating and set a $48.00 price objective on shares of Select Medical in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Select Medical presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Select Medical Stock Performance

NYSE SEM opened at $33.70 on Friday. The firm’s fifty day moving average price is $34.21 and its two-hundred day moving average price is $33.54. Select Medical Holdings Co. has a 1 year low of $21.28 and a 1 year high of $40.50. The firm has a market capitalization of $4.38 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.41. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.11.

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

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.48%. Select Medical’s dividend payout ratio (DPR) is 23.81%.

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.