American Century Companies Inc. Purchases 43,933 Shares of Select Medical Holdings Corporation $SEM

Key Points

• American Century Companies Inc. has increased its stake in Select Medical Holdings Corporation by 32.0% in the first quarter, now owning approximately 181,102 shares valued at $3,024,000.
• Select Medical reported earnings of $0.32 per share for the last quarter, surpassing estimates, with revenue of $1.34 billion, up 4.5% year-over-year.
• The company announced a quarterly dividend of $0.0625 per share, translating to an annualized yield of 1.9% and a payout ratio of 23.58%.

American Century Companies Inc. grew its holdings in shares of Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 32.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,102 shares of the health services provider's stock after purchasing an additional 43,933 shares during the period. American Century Companies Inc. owned approximately 0.14% of Select Medical worth $3,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEM. Caitong International Asset Management Co. Ltd lifted its stake in Select Medical by 61.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider's stock valued at $45,000 after buying an additional 1,030 shares in the last quarter. GAMMA Investing LLC increased its holdings in Select Medical by 217.4% in the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider's stock valued at $109,000 after purchasing an additional 4,453 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Select Medical by 47.8% in the 4th quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider's stock valued at $130,000 after purchasing an additional 2,255 shares in the last quarter. Wealthquest Corp acquired a new stake in Select Medical in the 1st quarter valued at $143,000. Finally, Covestor Ltd grew its stake in shares of Select Medical by 115.7% during the first quarter. Covestor Ltd now owns 10,690 shares of the health services provider's stock valued at $179,000 after acquiring an additional 5,735 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group restated a "neutral" rating and set a $14.00 target price (down from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Royal Bank Of Canada cut their target price on shares of Select Medical from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Select Medical presently has an average rating of "Moderate Buy" and a consensus target price of $20.25.

Select Medical Stock Up 0.6%

Shares of NYSE:SEM traded up $0.08 during trading on Thursday, reaching $13.00. 293,556 shares of the company traded hands, compared to its average volume of 1,123,827. The firm has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $15.41. The firm has a market cap of $1.61 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 0.53 and a beta of 1.25. Select Medical Holdings Corporation has a 1-year low of $11.65 and a 1-year high of $40.98. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.92.

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

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Select Medical's payout ratio is presently 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.