Acadian Asset Management LLC Buys New Position in Select Medical Holdings Co. (NYSE:SEM)

Acadian Asset Management LLC bought a new stake in Select Medical Holdings Co. (NYSE:SEM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,948 shares of the health services provider’s stock, valued at approximately $125,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SEM. Bank of New York Mellon Corp increased its stake in shares of Select Medical by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,478,832 shares of the health services provider’s stock valued at $35,478,000 after acquiring an additional 11,231 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Select Medical by 46.7% during the 1st quarter. MetLife Investment Management LLC now owns 59,542 shares of the health services provider’s stock valued at $1,428,000 after acquiring an additional 18,949 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Select Medical by 6.7% during the 1st quarter. Rhumbline Advisers now owns 284,568 shares of the health services provider’s stock valued at $6,827,000 after acquiring an additional 17,762 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Select Medical by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,360 shares of the health services provider’s stock worth $2,192,000 after purchasing an additional 11,264 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Select Medical by 4.3% during the 1st quarter. BlackRock Inc. now owns 18,575,139 shares of the health services provider’s stock worth $445,617,000 after purchasing an additional 762,219 shares during the period. Institutional investors and hedge funds own 76.95% of the company’s stock.

Insiders Place Their Bets

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $26.82, for a total value of $1,341,000.00. Following the transaction, the chairman now directly owns 7,039,668 shares of the company’s stock, valued at approximately $188,803,895.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $39.00 target price on shares of Select Medical in a report on Wednesday, November 8th. TheStreet cut Select Medical from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. StockNews.com assumed coverage on Select Medical in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Credit Suisse Group boosted their target price on Select Medical from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Select Medical Stock Up 0.6 %

NYSE SEM opened at $23.37 on Tuesday. The stock has a market cap of $3.00 billion, a PE ratio of 13.20, a P/E/G ratio of 0.52 and a beta of 1.44. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51. The business has a 50 day moving average price of $23.97 and a two-hundred day moving average price of $27.38. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.43.

Select Medical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, November 14th. Select Medical’s dividend payout ratio is presently 28.25%.

About Select Medical

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 through four segments: The Critical Illness Recovery Hospital, The Rehabilitation Hospital, The Outpatient Rehabilitation, and The Concentra.