Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Select Medical Holdings Corporation (NYSE:SEM – Free Report) by 183.2% in the 1st quarter, Holdings Channel reports. The firm owned 77,251 shares of the health services provider’s stock after purchasing an additional 49,970 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Select Medical were worth $1,258,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Dana Investment Advisors Inc. lifted its stake in shares of Select Medical by 29.3% in the 4th quarter. Dana Investment Advisors Inc. now owns 678,545 shares of the health services provider’s stock worth $10,076,000 after purchasing an additional 153,924 shares during the period. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 109,788 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Select Medical in the 3rd quarter worth $1,466,000. Western Standard LLC lifted its stake in shares of Select Medical by 95.6% during the 4th quarter. Western Standard LLC now owns 2,064,021 shares of the health services provider’s stock worth $30,651,000 after purchasing an additional 1,008,664 shares during the last quarter. Finally, Penn Capital Management Company LLC acquired a new position in Select Medical during the 4th quarter valued at about $1,914,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Zacks Research raised Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Mizuho restated a “neutral” rating and set a $16.50 price objective (down from $17.00) on shares of Select Medical in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.50.
Select Medical Price Performance
Shares of SEM opened at $16.51 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.88. Select Medical Holdings Corporation has a fifty-two week low of $11.65 and a fifty-two week high of $16.99. The company has a market cap of $2.05 billion, a P/E ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01. The firm’s 50 day moving average price is $16.53 and its 200 day moving average price is $16.08.
Select Medical (NYSE:SEM – Get Free Report) last issued its earnings results on Thursday, April 30th. The health services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.07). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Select Medical had a net margin of 2.42% and a return on equity of 6.62%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. On average, research analysts forecast that Select Medical Holdings Corporation will post 1.26 earnings per share for the current fiscal year.
Select Medical Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.25 annualized dividend and a dividend yield of 1.5%. Select Medical’s payout ratio is 23.58%.
About Select Medical
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.
Recommended Stories
- Five stocks we like better than Select Medical
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding SEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Medical Holdings Corporation (NYSE:SEM – Free Report).
Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.
