29,262 Shares in Select Medical Holdings Corporation $SEM Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired 29,262 shares of Select Medical Holdings Corporation, indicating a new stake valued at approximately $489,000.
• Vanguard Group Inc. increased its holdings in Select Medical by 4.7%, now owning 13,316,069 shares valued at $222.4 million.
• Select Medical has initiated a $1.00 billion stock buyback program, signaling that management believes its shares are undervalued.

Quantbot Technologies LP purchased a new position in shares of Select Medical Holdings Corporation (NYSE:SEM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,262 shares of the health services provider's stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Select Medical by 61.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider's stock worth $45,000 after acquiring an additional 1,030 shares during the last quarter. GAMMA Investing LLC increased its holdings in Select Medical by 217.4% during the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider's stock worth $109,000 after purchasing an additional 4,453 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Select Medical by 47.8% in the fourth quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider's stock valued at $130,000 after acquiring an additional 2,255 shares in the last quarter. Wealthquest Corp bought a new position in shares of Select Medical during the first quarter worth about $143,000. Finally, Quarry LP increased its holdings in Select Medical by 963.0% in the fourth quarter. Quarry LP now owns 9,078 shares of the health services provider's stock valued at $171,000 after buying an additional 8,224 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SEM. UBS Group restated a "neutral" rating and set a $14.00 price objective (down from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Royal Bank Of Canada decreased their target price on Select Medical from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.25.

Select Medical Stock Performance

Shares of NYSE:SEM traded down $0.02 on Friday, hitting $13.03. The company's stock had a trading volume of 582,797 shares, compared to its average volume of 1,131,044. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $40.98. The stock's 50-day moving average is $13.85 and its two-hundred day moving average is $15.48.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. On average, equities research analysts forecast that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, August 13th. Select Medical's dividend payout ratio (DPR) is currently 23.58%.

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.