Polar Asset Management Partners Inc. Buys New Shares in Select Medical Holdings Corporation $SEM

Polar Asset Management Partners Inc. bought a new position in shares of Select Medical Holdings Corporation (NYSE:SEM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,400,000 shares of the health services provider’s stock, valued at approximately $22,806,000. Select Medical accounts for 0.5% of Polar Asset Management Partners Inc.’s holdings, making the stock its 26th biggest holding. Polar Asset Management Partners Inc. owned about 1.13% of Select Medical as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in shares of 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 valued at $43,000 after acquiring an additional 788 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Select Medical by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 63,370 shares of the health services provider’s stock valued at $940,000 after purchasing an additional 935 shares during the period. Wilmington Savings Fund Society FSB increased its position in Select Medical by 20.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 5,784 shares of the health services provider’s stock worth $74,000 after purchasing an additional 999 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Select Medical by 9.7% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,475 shares of the health services provider’s stock worth $171,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Select Medical by 4.9% during the fourth quarter. Hsbc Holdings PLC now owns 29,331 shares of the health services provider’s stock worth $436,000 after purchasing an additional 1,364 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEM. Zacks Research raised shares of Select Medical from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Mizuho reissued a “neutral” rating and set a $16.50 price target (down from $17.00) on shares of Select Medical in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.50.

Select Medical Price Performance

SEM opened at $16.51 on Monday. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-week high of $16.99. The company has a 50 day moving average of $16.54 and a two-hundred day moving average of $16.14. The company has a market cap of $2.05 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.95 and a beta of 1.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.88.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, April 30th. The health services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). Select Medical had a net margin of 2.42% and a return on equity of 6.62%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. On average, analysts expect that Select Medical Holdings Corporation will post 1.26 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, May 14th. Select Medical’s payout ratio is currently 23.58%.

About Select Medical

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.