Royce & Associates LP Buys 26,490 Shares of Select Medical Holdings Co. (NYSE:SEM)

Royce & Associates LP raised its stake in Select Medical Holdings Co. (NYSE:SEM) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 373,165 shares of the health services provider’s stock after acquiring an additional 26,490 shares during the period. Royce & Associates LP’s holdings in Select Medical were worth $7,034,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC increased its holdings in shares of Select Medical by 11.5% in the fourth quarter. Natixis Advisors LLC now owns 28,203 shares of the health services provider’s stock worth $532,000 after purchasing an additional 2,904 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Select Medical by 21.4% in the 4th quarter. First Eagle Investment Management LLC now owns 366,359 shares of the health services provider’s stock worth $6,906,000 after acquiring an additional 64,700 shares during the last quarter. Vestcor Inc raised its holdings in shares of Select Medical by 16.7% during the 4th quarter. Vestcor Inc now owns 11,055 shares of the health services provider’s stock worth $208,000 after acquiring an additional 1,580 shares in the last quarter. Swiss National Bank boosted its position in shares of Select Medical by 0.7% during the 4th quarter. Swiss National Bank now owns 217,400 shares of the health services provider’s stock valued at $4,098,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new stake in Select Medical in the fourth quarter worth $2,207,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SEM. UBS Group lowered their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada lowered their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, February 24th. Finally, StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.25.

Select Medical Stock Performance

Select Medical stock opened at $16.89 on Wednesday. Select Medical Holdings Co. has a 1-year low of $16.20 and a 1-year high of $40.98. The company’s 50-day moving average is $18.70 and its 200 day moving average is $25.95. The firm has a market capitalization of $2.18 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. Research analysts forecast that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical’s dividend payout ratio is presently 15.15%.

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.