Econ Financial Services Corp Makes New $822,000 Investment in Select Medical Holdings Corporation $SEM

Econ Financial Services Corp bought a new stake in Select Medical Holdings Corporation (NYSE:SEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 54,174 shares of the health services provider’s stock, valued at approximately $822,000.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Select Medical by 217.4% in the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock valued at $109,000 after purchasing an additional 4,453 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Select Medical in the first quarter valued at about $416,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Select Medical by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,450 shares of the health services provider’s stock worth $403,000 after buying an additional 7,871 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Select Medical during the first quarter worth about $269,000. Finally, Principal Financial Group Inc. grew its stake in Select Medical by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,476,816 shares of the health services provider’s stock valued at $41,363,000 after acquiring an additional 73,308 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SEM. UBS Group reissued a “neutral” rating and issued a $14.00 target price (down from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Royal Bank Of Canada lifted their price objective on Select Medical from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Bank of America dropped their target price on Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Select Medical in a research note on Wednesday, October 8th. Finally, Benchmark reissued a “buy” rating on shares of Select Medical in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.40.

Select Medical Price Performance

NYSE:SEM opened at $14.24 on Wednesday. Select Medical Holdings Corporation has a 52 week low of $11.65 and a 52 week high of $40.98. The stock’s fifty day moving average is $13.11 and its two-hundred day moving average is $14.24. The company has a market capitalization of $1.77 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.57 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.92.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, July 31st. The health services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. Equities analysts expect that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

About Select Medical

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.