Brucke Financial Inc. grew its holdings in Select Medical Holdings Corporation (NYSE:SEM – Free Report) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,638 shares of the health services provider’s stock after purchasing an additional 898 shares during the period. Brucke Financial Inc.’s holdings in Select Medical were worth $207,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Select Medical by 61.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock valued at $45,000 after purchasing an additional 1,030 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Select Medical in the first quarter worth approximately $60,000. Advisors Asset Management Inc. increased its holdings in Select Medical by 168.2% in the first quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock worth $105,000 after buying an additional 3,952 shares during the last quarter. GAMMA Investing LLC increased its holdings in Select Medical by 217.4% in the first quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock worth $109,000 after buying an additional 4,453 shares during the last quarter. Finally, Wealthquest Corp acquired a new position in Select Medical in the first quarter worth approximately $143,000. Institutional investors and hedge funds own 89.48% of the company’s stock.
Select Medical Stock Down 2.5%
Shares of Select Medical stock opened at $13.30 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 12.55, a PEG ratio of 0.55 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $14.49. Select Medical Holdings Corporation has a 12-month low of $11.65 and a 12-month high of $40.98.
Select Medical Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Select Medical’s dividend payout ratio is currently 23.58%.
Analyst Ratings Changes
A number of research firms recently commented on SEM. UBS Group restated a “neutral” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Select Medical in a report on Monday, August 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Select Medical in a report on Wednesday. Bank of America dropped their price objective on Select Medical from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada increased their price objective on Select Medical from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.40.
View Our Latest Analysis on Select Medical
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.
Featured Stories
- Five stocks we like better than Select Medical
- What Are Growth Stocks and Investing in Them
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- What Are Trending Stocks? Trending Stocks Explained
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- Why Invest in High-Yield Dividend Stocks?
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
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.