Truist Financial Corp raised its position in Select Medical Holdings Co. (NYSE:SEM – Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,814 shares of the health services provider’s stock after buying an additional 1,286 shares during the period. Truist Financial Corp’s holdings in Select Medical were worth $325,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of SEM. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Select Medical during the third quarter worth about $29,000. GAMMA Investing LLC bought a new position in shares of Select Medical during the fourth quarter worth about $33,000. Covestor Ltd lifted its position in shares of Select Medical by 74.9% during the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock worth $108,000 after purchasing an additional 1,838 shares during the last quarter. CI Investments Inc. bought a new position in shares of Select Medical during the third quarter worth about $147,000. Finally, Sigma Planning Corp bought a new position in shares of Select Medical during the third quarter worth about $209,000. Institutional investors own 89.48% of the company’s stock.
Insider Buying and Selling at Select Medical
In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the sale, the chairman now owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts have recently commented on SEM shares. Royal Bank of Canada increased their price target on shares of Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Benchmark reiterated a “buy” rating and set a $39.00 price objective on shares of Select Medical in a research note on Friday, May 3rd. Finally, StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.25.
View Our Latest Report on Select Medical
Select Medical Price Performance
SEM opened at $33.82 on Tuesday. The company’s 50-day moving average price is $29.58 and its 200 day moving average price is $26.69. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $35.08. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30.
Select Medical (NYSE:SEM – Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $0.22 earnings per share. Select Medical’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that Select Medical Holdings Co. will post 2.1 earnings per share for the current year.
Select Medical Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. Select Medical’s payout ratio is currently 23.81%.
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.
Further Reading
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Source: defenseworld.net
