Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Select Medical Holdings Corporation $SEM

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Select Medical Holdings Corporation (NYSE:SEM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 300,000 shares of the health services provider’s stock, valued at approximately $4,887,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.24% of Select Medical at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Select Medical in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Select Medical during the fourth quarter valued at about $28,000. Quantbot Technologies LP purchased a new position in shares of Select Medical in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its stake in Select Medical by 214.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,549 shares of the health services provider’s stock worth $38,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Select Medical by 37.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,870 shares of the health services provider’s stock worth $43,000 after purchasing an additional 788 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.

Select Medical Price Performance

Shares of NYSE SEM opened at $16.51 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01. The firm’s 50 day simple moving average is $16.54 and its 200-day simple moving average is $16.17. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $16.99.

Select Medical (NYSE:SEM) last posted 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 firm 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 business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Analysts expect that Select Medical Holdings Corporation will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

SEM has been the subject of a number of research analyst reports. Zacks Research raised shares of Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Mizuho restated a “neutral” rating and issued a $16.50 target price (down from $17.00) on shares of Select Medical in a research note 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

Select Medical Profile

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.