Natixis Advisors LLC Reduces Position in Select Medical Holdings Co. (NYSE:SEM)

Natixis Advisors LLC trimmed its stake in Select Medical Holdings Co. (NYSE:SEM) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,299 shares of the health services provider’s stock after selling 1,161 shares during the period. Natixis Advisors LLC’s holdings in Select Medical were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in shares of Select Medical by 0.6% in the 3rd quarter. Royce & Associates LP now owns 346,675 shares of the health services provider’s stock valued at $12,089,000 after purchasing an additional 1,910 shares in the last quarter. KBC Group NV raised its holdings in shares of Select Medical by 4.5% in the 3rd quarter. KBC Group NV now owns 13,050 shares of the health services provider’s stock valued at $455,000 after purchasing an additional 563 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 valued at $41,184,000 after purchasing an additional 7,372 shares in the last quarter. Versor Investments LP bought a new stake in shares of Select Medical in the 3rd quarter valued at about $1,245,000. Finally, Financial Strategies Group Inc. raised its holdings in shares of Select Medical by 22.1% in the 3rd quarter. Financial Strategies Group Inc. now owns 10,709 shares of the health services provider’s stock valued at $363,000 after purchasing an additional 1,938 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SEM has been the subject of several recent research reports. Bank of America began coverage on shares of Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday. StockNews.com lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price objective on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.75.

Select Medical Stock Down 4.6 %

NYSE:SEM opened at $20.35 on Thursday. The company has a market cap of $2.63 billion, a PE ratio of 9.51, a P/E/G ratio of 1.73 and a beta of 1.42. Select Medical Holdings Co. has a twelve month low of $20.00 and a twelve month high of $40.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $34.69 and its two-hundred day moving average is $34.90.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate 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%. Select Medical’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current year.

Select Medical Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

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.