Vista Finance LLC Buys Shares of 10,253 Select Medical Holdings Co. (NYSE:SEM)

Vista Finance LLC bought a new stake in shares of Select Medical Holdings Co. (NYSE:SEM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,253 shares of the health services provider’s stock, valued at approximately $193,000.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Select Medical by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock worth $85,180,000 after purchasing an additional 46,880 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Select Medical by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock worth $82,208,000 after purchasing an additional 147,032 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Select Medical by 144.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock worth $71,825,000 after purchasing an additional 1,216,263 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Select Medical by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,646,320 shares of the health services provider’s stock worth $57,407,000 after purchasing an additional 24,439 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Select Medical by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider’s stock worth $41,184,000 after purchasing an additional 7,372 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Stock Down 0.9 %

SEM opened at $18.58 on Friday. The firm has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $28.53. Select Medical Holdings Co. has a 52 week low of $18.02 and a 52 week high of $40.98. The company has a market capitalization of $2.41 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.65 and a beta of 1.45. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SEM. StockNews.com downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a report on Thursday. Benchmark downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Royal Bank of Canada upped their target price on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, UBS Group dropped their target price on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.50.

Insider Buying and Selling at Select Medical

In other news, Director Marilyn B. Tavenner sold 32,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the sale, the director now directly owns 22,000 shares in the company, valued at approximately $463,980. This represents a 59.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert G. Breighner, Jr. sold 4,989 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total transaction of $99,530.55. Following the sale, the vice president now owns 30,356 shares in the company, valued at $605,602.20. This represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.14% of the company’s stock.

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.