Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,487 shares of the health services provider’s stock after selling 11,100 shares during the period. Public Sector Pension Investment Board owned about 0.17% of Select Medical worth $7,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC raised its position in Select Medical by 528.7% during the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after acquiring an additional 645 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Select Medical during the second quarter worth about $35,000. Canada Pension Plan Investment Board acquired a new position in Select Medical during the second quarter worth about $39,000. DekaBank Deutsche Girozentrale acquired a new position in Select Medical during the second quarter worth about $60,000. Finally, GAMMA Investing LLC raised its position in shares of Select Medical by 52.8% in the second quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after buying an additional 685 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analyst Upgrades and Downgrades

SEM has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.75.

Select Medical Stock Performance

Shares of SEM stock opened at $21.11 on Friday. Select Medical Holdings Co. has a one year low of $20.00 and a one year high of $40.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $34.11 and a 200 day moving average price of $34.71. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.91 and a beta of 1.42.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. Select Medical’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.37%. Select Medical’s dividend payout ratio is currently 23.36%.

Insiders Place Their Bets

In other news, Director Marilyn B. Tavenner sold 32,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total value of $674,880.00. Following the completion of the transaction, the director now directly owns 22,000 shares in the company, valued at approximately $463,980. This represents a 59.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.14% of the stock is owned by insiders.

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.