Thrivent Financial for Lutherans Has $2.89 Million Stake in Select Medical Holdings Co. (NYSE:SEM)

Thrivent Financial for Lutherans reduced its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,903 shares of the health services provider’s stock after selling 5,811 shares during the period. Thrivent Financial for Lutherans’ holdings in Select Medical were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its position in shares of Select Medical by 179.5% in the second quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock valued at $29,574,000 after acquiring an additional 541,728 shares during the period. Millennium Management LLC raised its stake in Select Medical by 183.9% in the 2nd quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock worth $23,824,000 after purchasing an additional 440,140 shares in the last quarter. Hood River Capital Management LLC bought a new stake in Select Medical in the 2nd quarter valued at about $14,819,000. Ceredex Value Advisors LLC acquired a new position in shares of Select Medical during the 2nd quarter worth approximately $11,456,000. Finally, Bank of Montreal Can increased its holdings in shares of Select Medical by 798.2% during the second quarter. Bank of Montreal Can now owns 180,566 shares of the health services provider’s stock worth $6,351,000 after purchasing an additional 160,462 shares during the period. 89.48% of the stock is currently owned by institutional investors.

Select Medical Stock Performance

NYSE:SEM opened at $21.32 on Wednesday. Select Medical Holdings Co. has a twelve month low of $20.17 and a twelve month high of $40.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock’s 50-day simple moving average is $35.26 and its 200 day simple moving average is $35.09. The firm has a market capitalization of $2.76 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. On average, analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is 23.36%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America initiated coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target on the stock. Royal Bank of Canada raised their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. StockNews.com cut shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Select Medical presently has an average rating of “Hold” and a consensus target price of $40.75.

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.