Sageworth Trust Co Sells 3,326 Shares of Select Medical Holdings Co. (NYSE:SEM)

Sageworth Trust Co cut its holdings in Select Medical Holdings Co. (NYSE:SEM) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,487 shares of the health services provider’s stock after selling 3,326 shares during the period. Sageworth Trust Co’s holdings in Select Medical were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SEM. Tidal Investments LLC bought a new position in shares of Select Medical in the 1st quarter valued at about $467,000. Denali Advisors LLC raised its holdings in shares of Select Medical by 96.7% in the 1st quarter. Denali Advisors LLC now owns 125,483 shares of the health services provider’s stock valued at $3,783,000 after purchasing an additional 61,700 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Select Medical in the first quarter worth approximately $690,000. Vanguard Group Inc. raised its position in shares of Select Medical by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 12,347,798 shares of the health services provider’s stock worth $290,173,000 after acquiring an additional 342,496 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Select Medical during the first quarter valued at about $730,000. Institutional investors own 89.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SEM. Benchmark reissued a “buy” rating and issued a $48.00 price target on shares of Select Medical in a report on Friday, September 6th. Bank of America assumed coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Select Medical has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Select Medical Price Performance

Select Medical stock traded down $0.80 during trading on Friday, reaching $31.74. The company had a trading volume of 588,057 shares, compared to its average volume of 596,236. The firm’s 50-day simple moving average is $34.35 and its 200 day simple moving average is $33.80. Select Medical Holdings Co. has a 1-year low of $21.28 and a 1-year high of $40.50. The firm has a market capitalization of $4.13 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the company earned $0.61 EPS. Select Medical’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical’s dividend payout ratio (DPR) is presently 23.92%.

Select Medical Company 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.