Cubist Systematic Strategies LLC Sells 342,669 Shares of Select Medical Holdings Corporation $SEM

Key Points

• Cubist Systematic Strategies LLC sold 342,669 shares of Select Medical Holdings, reducing its holdings by 78.4%, now owning 94,460 shares worth approximately $1.58 million.
• Select Medical reported an EPS of $0.32 for the last quarter, exceeding analysts' expectations of $0.28, with a revenue of $1.34 billion, slightly below the forecasted $1.35 billion.
• The company recently announced a quarterly dividend of $0.0625 per share, representing an annualized yield of 1.9%.

Cubist Systematic Strategies LLC cut its holdings in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 78.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,460 shares of the health services provider's stock after selling 342,669 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.07% of Select Medical worth $1,577,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Select Medical by 151.0% during the 1st quarter. SG Americas Securities LLC now owns 37,684 shares of the health services provider's stock worth $629,000 after acquiring an additional 22,671 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Select Medical by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,450 shares of the health services provider's stock worth $403,000 after acquiring an additional 7,871 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Select Medical during the 1st quarter worth $416,000. GAMMA Investing LLC lifted its position 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 acquiring an additional 4,453 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Select Medical during the 1st quarter worth $460,000. 89.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America cut their target price on shares of Select Medical from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group reissued a "neutral" rating and set a $14.00 target price (down previously from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.20.

Select Medical Stock Performance

Shares of SEM traded down $0.28 during trading hours on Friday, reaching $12.53. 489,877 shares of the company traded hands, compared to its average volume of 857,438. The stock's fifty day moving average is $13.41 and its 200 day moving average is $15.12. The stock has a market cap of $1.55 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.52 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 1-year low of $11.65 and a 1-year high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 2.37% and a return on equity of 8.87%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. Equities research analysts anticipate that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.25 dividend on an annualized basis and a yield of 2.0%. 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.