Select Medical Holdings Co. (NYSE:SEM) Position Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Select Medical Holdings Co. (NYSE:SEM) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,088 shares of the health services provider’s stock after selling 448 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Select Medical were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC bought a new stake in Select Medical in the first quarter valued at about $467,000. Capstone Investment Advisors LLC acquired a new position in shares of Select Medical in the 1st quarter worth approximately $690,000. UniSuper Management Pty Ltd bought a new stake in shares of Select Medical in the 1st quarter valued at approximately $730,000. First Eagle Investment Management LLC raised its position in shares of Select Medical by 14.8% during the 1st quarter. First Eagle Investment Management LLC now owns 275,559 shares of the health services provider’s stock valued at $8,308,000 after acquiring an additional 35,512 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in Select Medical during the second quarter worth $14,819,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Performance

SEM stock opened at $35.95 on Monday. Select Medical Holdings Co. has a 1 year low of $21.28 and a 1 year high of $40.50. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.98 and a beta of 1.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $34.26 and its two-hundred day moving average is $34.07.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a net margin of 3.97% and a return on equity of 17.56%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts predict that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. Select Medical’s dividend payout ratio is presently 23.36%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SEM. Benchmark reiterated a “buy” rating and set a $48.00 target price on shares of Select Medical in a research note on Friday. Bank of America initiated coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Select Medical currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Select Medical 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.