Select Medical Holdings Co. (NYSE:SEM) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its stake in Select Medical Holdings Co. (NYSE:SEM) by 78.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,258 shares of the health services provider’s stock after purchasing an additional 9,355 shares during the period. Inspire Investing LLC’s holdings in Select Medical were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Select Medical by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after buying an additional 46,880 shares during the last quarter. Principal Financial Group Inc. lifted its position in Select Medical by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock worth $82,208,000 after acquiring an additional 147,032 shares during the period. Point72 Asset Management L.P. grew its stake in Select Medical by 144.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after purchasing an additional 1,216,263 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Select Medical by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,646,320 shares of the health services provider’s stock valued at $57,407,000 after purchasing an additional 24,439 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Select Medical by 0.6% during the third quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider’s stock worth $41,184,000 after purchasing an additional 7,372 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SEM. StockNews.com lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Royal Bank of Canada raised their target price on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group lowered their price target on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Select Medical currently has a consensus rating of “Hold” and a consensus price target of $39.50.

Select Medical Stock Performance

Shares of NYSE SEM opened at $19.69 on Monday. Select Medical Holdings Co. has a 1 year low of $18.02 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average price is $21.64 and its 200 day moving average price is $30.47. The company has a market capitalization of $2.55 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.45.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. On average, research analysts predict that Select Medical Holdings Co. will post 1.97 earnings per share for the current year.

Select Medical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.54%. Select Medical’s dividend payout ratio is currently 23.36%.

Insiders Place Their Bets

In other Select Medical news, VP Robert G. Breighner, Jr. sold 4,989 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $19.95, for a total transaction of $99,530.55. Following the completion of the transaction, the vice president now owns 30,356 shares of the company’s stock, valued at $605,602.20. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marilyn B. Tavenner sold 32,000 shares of Select Medical stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total value of $674,880.00. Following the completion of the sale, the director now directly owns 22,000 shares in the company, valued at $463,980. This represents a 59.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.14% of the stock is currently owned by company insiders.

Select Medical 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.