Mirae Asset Global Investments Co. Ltd. Buys 858 Shares of Select Medical Holdings Co. (NYSE:SEM)

Mirae Asset Global Investments Co. Ltd. grew its stake in Select Medical Holdings Co. (NYSE:SEM) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,310 shares of the health services provider’s stock after acquiring an additional 858 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Select Medical were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SEM. Paralel Advisors LLC boosted its position in Select Medical by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 73,981 shares of the health services provider’s stock valued at $1,870,000 after buying an additional 836 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in Select Medical in the third quarter worth about $25,000. Linden Thomas Advisory Services LLC raised its holdings in Select Medical by 11.8% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 10,679 shares of the health services provider’s stock worth $270,000 after purchasing an additional 1,130 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Select Medical in the 3rd quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Select Medical during the 3rd quarter worth approximately $30,000. 89.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the firm’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 transaction of $1,495,000.00. Following the completion of the transaction, the chairman now directly owns 6,689,668 shares of the company’s stock, valued at approximately $200,021,073.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.14% of the company’s stock.

Wall Street Analyst Weigh In

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

Select Medical Stock Performance

Shares of Select Medical stock opened at $27.33 on Tuesday. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $33.51. The stock’s fifty day simple moving average is $28.17 and its 200 day simple moving average is $25.66. The company has a market capitalization of $3.51 billion, a PE ratio of 14.31, a PEG ratio of 1.06 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32.

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

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, March 1st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, February 29th. Select Medical’s payout ratio is presently 26.18%.

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.