Tudor Investment Corp ET AL Raises Holdings in Select Medical Holdings Co. (NYSE:SEM)

Tudor Investment Corp ET AL raised its position in Select Medical Holdings Co. (NYSE:SEM) by 291.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 496,724 shares of the health services provider’s stock after acquiring an additional 369,760 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.38% of Select Medical worth $9,363,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock worth $43,000 after buying an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Select Medical in the 3rd quarter valued at approximately $81,000. Covestor Ltd boosted its position in shares of Select Medical by 33.5% during the fourth quarter. Covestor Ltd now owns 4,955 shares of the health services provider’s stock valued at $93,000 after buying an additional 1,244 shares during the last quarter. Quarry LP grew its stake in shares of Select Medical by 963.0% in the fourth quarter. Quarry LP now owns 9,078 shares of the health services provider’s stock worth $171,000 after acquiring an additional 8,224 shares during the period. Finally, HBK Investments L P bought a new stake in Select Medical in the 4th quarter worth approximately $188,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

Shares of SEM stock opened at $18.45 on Wednesday. The stock has a 50 day moving average price of $17.00 and a 200 day moving average price of $22.10. The firm has a market capitalization of $2.38 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.64 and a beta of 1.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical Holdings Co. has a 52-week low of $14.99 and a 52-week high of $40.98.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. As a group, sell-side analysts predict that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio is 15.15%.

Analyst Ratings Changes

SEM has been the topic of several analyst reports. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada decreased their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. UBS Group dropped their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, February 24th. Finally, Mizuho started coverage on Select Medical in a report on Wednesday, April 16th. They set an “outperform” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.80.

Insider Activity

In other news, CEO David S. Chernow sold 225,000 shares of the business’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $18.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief executive officer now owns 714,516 shares in the company, valued at approximately $12,861,288. The trade was a 23.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.60% of the company’s stock.

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.