Select Medical Holdings Corporation (SEM) Stake Increased by Foundry Partners LLC

Foundry Partners LLC boosted its stake in Select Medical Holdings Corporation (NYSE:SEM) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 783,969 shares of the health services provider’s stock after buying an additional 30,691 shares during the period. Foundry Partners LLC owned approximately 0.59% of Select Medical Holdings Corporation worth $12,034,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Select Medical Holdings Corporation by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after buying an additional 70 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Select Medical Holdings Corporation during the first quarter valued at $123,000. Envestnet Asset Management Inc. increased its position in shares of Select Medical Holdings Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after buying an additional 107 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Select Medical Holdings Corporation during the first quarter valued at $143,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Select Medical Holdings Corporation during the first quarter valued at $156,000. 79.64% of the stock is owned by institutional investors.

Select Medical Holdings Corporation (NYSE:SEM) opened at 17.15 on Friday. Select Medical Holdings Corporation has a 12-month low of $10.20 and a 12-month high of $18.80. The firm’s 50 day moving average is $16.11 and its 200 day moving average is $14.15. The company has a market cap of $2.28 billion, a P/E ratio of 27.18 and a beta of 1.45.

Select Medical Holdings Corporation (NYSE:SEM) last announced its earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Select Medical Holdings Corporation will post $0.90 EPS for the current fiscal year.

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Several research analysts have commented on SEM shares. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday. Benchmark Co. increased their price objective on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Deutsche Bank AG increased their price objective on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, JMP Securities increased their price objective on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.29.

In related news, insider Scott A. Romberger sold 3,127 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.37, for a total transaction of $44,934.99. Following the transaction, the insider now directly owns 159,084 shares in the company, valued at $2,286,037.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael E. Tarvin sold 4,500 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $15.25, for a total transaction of $68,625.00. Following the transaction, the executive vice president now owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,575 shares of company stock worth $768,517. Company insiders own 19.93% of the company’s stock.

About Select Medical Holdings Corporation

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

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Institutional Ownership by Quarter for Select Medical Holdings Corporation (NYSE:SEM)

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