Arizona State Retirement System Reduces Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Arizona State Retirement System lowered its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,211 shares of the health services provider’s stock after selling 556 shares during the period. Arizona State Retirement System’s holdings in Select Medical were worth $710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SEM. Denali Advisors LLC raised its stake in Select Medical by 337.9% during the fourth quarter. Denali Advisors LLC now owns 63,783 shares of the health services provider’s stock valued at $1,499,000 after buying an additional 49,218 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Select Medical by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,005,302 shares of the health services provider’s stock worth $303,374,000 after purchasing an additional 64,373 shares during the last quarter. Deutsche Bank AG boosted its stake in Select Medical by 12.5% in the 3rd quarter. Deutsche Bank AG now owns 55,806 shares of the health services provider’s stock worth $1,410,000 after purchasing an additional 6,192 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Select Medical during the 3rd quarter valued at about $881,000. Finally, Morgan Stanley increased its stake in Select Medical by 4.0% during the 3rd quarter. Morgan Stanley now owns 959,346 shares of the health services provider’s stock valued at $24,243,000 after purchasing an additional 36,572 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $39.00 price objective on shares of Select Medical in a report on Friday, April 12th. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Select Medical presently has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Insider Buying and Selling

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.14% of the stock is currently owned by insiders.

Select Medical Trading Down 0.7 %

Select Medical stock opened at $26.45 on Friday. The business has a 50-day simple moving average of $28.15 and a two-hundred day simple moving average of $25.61. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $33.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32. The company has a market cap of $3.40 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.07 and a beta of 1.37.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Select Medical had a net margin of 3.65% and a return on equity of 16.93%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Analysts predict that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, March 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. Select Medical’s dividend payout ratio (DPR) is presently 26.18%.

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