Bridgeway Capital Management LLC Acquires 322,035 Shares of Select Medical Holdings Corporation $SEM

Key Points

• Bridgeway Capital Management LLC increased its holdings in Select Medical Holdings Corporation by 43.1% in the first quarter, now owning about 1,068,658 shares valued at approximately $17.8 million.
• Select Medical reported earnings of $0.32 EPS for the last quarter, exceeding estimates, with a revenue of $1.34 billion, marking a 4.5% year-over-year growth.
• The company has declared a quarterly dividend of $0.0625, representing an annualized payment of $0.25 and a yield of 1.9%.

Bridgeway Capital Management LLC grew its stake in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 43.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,068,658 shares of the health services provider's stock after buying an additional 322,035 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.83% of Select Medical worth $17,847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vista Finance LLC grew its position in shares of Select Medical by 7.0% during the first quarter. Vista Finance LLC now owns 10,969 shares of the health services provider's stock worth $183,000 after purchasing an additional 716 shares in the last quarter. Net Worth Advisory Group grew its position in shares of Select Medical by 6.4% during the first quarter. Net Worth Advisory Group now owns 14,045 shares of the health services provider's stock worth $235,000 after purchasing an additional 846 shares in the last quarter. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 1,030 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Select Medical by 1.9% during the first quarter. Hsbc Holdings PLC now owns 94,084 shares of the health services provider's stock worth $1,578,000 after purchasing an additional 1,779 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Select Medical by 5.8% during the first quarter. M&T Bank Corp now owns 36,629 shares of the health services provider's stock worth $612,000 after purchasing an additional 1,996 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group reissued a "neutral" rating and set a $14.00 price target (down from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

Select Medical Price Performance

Select Medical stock traded up $0.11 during midday trading on Monday, reaching $13.21. 328,571 shares of the stock traded hands, compared to its average volume of 1,120,670. The stock has a market cap of $1.64 billion, a P/E ratio of 12.46, a PEG ratio of 0.54 and a beta of 1.25. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $40.98. The stock's fifty day moving average is $13.65 and its 200-day moving average is $15.27. 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 posted 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. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. As a group, equities research analysts anticipate that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders 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 dividend payout ratio (DPR) is presently 23.58%.

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.