Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 9.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,840 shares of the health services provider’s stock after selling 1,686 shares during the period. Mutual of America Capital Management LLC’s holdings in Select Medical were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SEM. Hexagon Capital Partners LLC raised its stake in shares of Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after buying an additional 645 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Select Medical during the second quarter worth about $35,000. Canada Pension Plan Investment Board purchased a new position in Select Medical during the second quarter valued at approximately $39,000. DekaBank Deutsche Girozentrale acquired a new position in Select Medical in the second quarter valued at approximately $60,000. Finally, GAMMA Investing LLC boosted its position in Select Medical by 52.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock worth $70,000 after purchasing an additional 685 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Stock Down 44.9 %

Shares of NYSE SEM opened at $21.32 on Wednesday. Select Medical Holdings Co. has a 52-week low of $20.17 and a 52-week 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 company’s 50-day simple moving average is $35.26 and its 200-day simple moving average is $35.09. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. Select Medical’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. Equities analysts predict that Select Medical Holdings Co. will post 2.16 EPS for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a 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

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com cut shares of Select Medical from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Bank of America began coverage on Select Medical in a research note on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Select Medical has a consensus rating of “Hold” and a consensus price target 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.