GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Select Medical Holdings Corporation (NYSE:SEM – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor acquired 140,650 shares of the health services provider’s stock, valued at approximately $2,291,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dana Investment Advisors Inc. grew its position in shares of Select Medical by 29.3% during the 4th quarter. Dana Investment Advisors Inc. now owns 678,545 shares of the health services provider’s stock valued at $10,076,000 after buying an additional 153,924 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Select Medical by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 554,203 shares of the health services provider’s stock worth $7,116,000 after acquiring an additional 109,788 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Select Medical in the third quarter worth about $1,466,000. Penn Capital Management Company LLC acquired a new position in Select Medical in the fourth quarter valued at approximately $1,914,000. Finally, Western Standard LLC grew its holdings in shares of Select Medical by 95.6% during the fourth quarter. Western Standard LLC now owns 2,064,021 shares of the health services provider’s stock valued at $30,651,000 after purchasing an additional 1,008,664 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on SEM shares. Zacks Research raised Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Mizuho restated a “neutral” rating and set a $16.50 price objective (down from $17.00) on shares of Select Medical in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Select Medical presently has an average rating of “Hold” and a consensus target price of $15.50.
Select Medical Stock Performance
NYSE:SEM opened at $16.51 on Friday. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $16.99. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01. The business has a fifty day moving average of $16.54 and a 200-day moving average of $16.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.15.
Select Medical (NYSE:SEM – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The health services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Select Medical had a net margin of 2.42% and a return on equity of 6.62%. Select Medical’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. Equities analysts predict that Select Medical Holdings Corporation will post 1.26 earnings per share for the current year.
Select Medical Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Select Medical’s dividend payout ratio is currently 23.58%.
Select Medical Company 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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