Fox Run Management L.L.C. lifted its position in shares of Select Medical Holdings Corporation (NYSE:SEM – Free Report) by 159.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,473 shares of the health services provider’s stock after purchasing an additional 50,694 shares during the period. Fox Run Management L.L.C. owned about 0.07% of Select Medical worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of Select Medical by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 63,370 shares of the health services provider’s stock worth $940,000 after purchasing an additional 935 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Select Medical by 20.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 5,784 shares of the health services provider’s stock valued at $74,000 after acquiring an additional 999 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Select Medical by 9.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,475 shares of the health services provider’s stock valued at $171,000 after acquiring an additional 1,014 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Select Medical by 1.4% in the second quarter. California State Teachers Retirement System now owns 102,230 shares of the health services provider’s stock valued at $1,552,000 after acquiring an additional 1,418 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Select Medical by 11.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 16,138 shares of the health services provider’s stock valued at $240,000 after acquiring an additional 1,720 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.
Select Medical Price Performance
Shares of SEM opened at $16.63 on Wednesday. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is $16.45 and its two-hundred day moving average price is $15.78. The firm has a market cap of $2.06 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.01.
Select Medical declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the health services provider to repurchase up to 49.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Select Medical Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.25 annualized dividend and a yield of 1.5%. Select Medical’s payout ratio is 23.58%.
Analyst Ratings Changes
Several brokerages recently commented on SEM. Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. Mizuho reiterated a “neutral” rating and issued a $16.50 target price (down from $17.00) on shares of Select Medical in a report on Tuesday, May 12th. Zacks Research upgraded Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.50 target price (down from $19.00) on shares of Select Medical in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.
Check Out Our Latest Stock Report on Select Medical
Select Medical Profile
Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.
Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.
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