Covestor Ltd Buys 1,244 Shares of Select Medical Holdings Co. (NYSE:SEM)

Covestor Ltd raised its stake in Select Medical Holdings Co. (NYSE:SEM) by 33.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,955 shares of the health services provider’s stock after acquiring an additional 1,244 shares during the period. Covestor Ltd’s holdings in Select Medical were worth $93,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Select Medical by 9.7% during the 3rd 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. Argent Capital Management LLC raised its stake in Select Medical by 79.8% during the fourth quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider’s stock worth $1,039,000 after buying an additional 24,471 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Select Medical by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after buying an additional 46,880 shares during the period. American Century Companies Inc. boosted its position in Select Medical by 1,309.5% during the fourth quarter. American Century Companies Inc. now owns 137,169 shares of the health services provider’s stock valued at $2,586,000 after acquiring an additional 127,437 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Select Medical by 122.8% during the 4th quarter. Sanctuary Advisors LLC now owns 52,175 shares of the health services provider’s stock worth $1,035,000 after acquiring an additional 28,759 shares during the period. 89.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Select Medical Price Performance

Shares of NYSE:SEM opened at $16.44 on Monday. The stock’s 50 day moving average is $17.56 and its 200-day moving average is $23.45. Select Medical Holdings Co. has a twelve month low of $14.99 and a twelve month high of $40.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.64 and a beta of 1.38.

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). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a net margin of 3.23% and a return on equity of 14.04%. Sell-side analysts forecast that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

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.