24,037 Shares in Select Medical Holdings Co. (NYSE:SEM) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in Select Medical Holdings Co. (NYSE:SEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,037 shares of the health services provider’s stock, valued at approximately $453,000.

Other hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in shares of Select Medical during the 3rd quarter valued at about $1,927,000. JPMorgan Chase & Co. grew its holdings in Select Medical by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 416,299 shares of the health services provider’s stock valued at $14,516,000 after purchasing an additional 36,905 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Select Medical in the third quarter valued at approximately $1,592,000. Argent Capital Management LLC lifted its position in shares of Select Medical by 79.8% during the 4th quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider’s stock valued at $1,039,000 after buying an additional 24,471 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Select Medical by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after acquiring an additional 46,880 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Trading Up 1.4 %

SEM opened at $17.10 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $18.52 and its two-hundred day simple moving average is $25.31. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a 1-year low of $16.20 and a 1-year high of $40.98.

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

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

Analysts Set New Price Targets

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

Select Medical 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.