CX Institutional Raises Position in Select Medical Holdings Corporation $SEM

Key Points

• CX Institutional has increased its stake in Select Medical Holdings Corporation by 99.3%, owning 95,343 shares after acquiring an additional 47,515 shares, valued at around $1.4 million.
• Despite a recent stock price decline of 1.9%, analysts maintain a consensus rating of "Moderate Buy" with an average price target of $19.20.
• Select Medical recently reported an EPS of $0.32 for the last quarter, exceeding analysts’ expectations, while also announcing a quarterly dividend of $0.0625 per share.

CX Institutional lifted its holdings in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 99.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,343 shares of the health services provider's stock after purchasing an additional 47,515 shares during the quarter. CX Institutional owned about 0.07% of Select Medical worth $1,447,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SEM. Caitong International Asset Management Co. Ltd boosted its holdings in Select Medical by 61.6% in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Select Medical during the 1st quarter worth approximately $60,000. Advisors Asset Management Inc. increased its stake in Select Medical by 168.2% during the 1st quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider's stock valued at $105,000 after purchasing an additional 3,952 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Select Medical by 217.4% in the first quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider's stock worth $109,000 after buying an additional 4,453 shares during the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of Select Medical during the first quarter worth $143,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SEM shares. UBS Group reissued a "neutral" rating and issued a $14.00 target price (down from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Bank of America cut their price objective on Select Medical from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, September 10th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.20.

Select Medical Stock Down 1.9%

Shares of SEM stock opened at $12.43 on Friday. Select Medical Holdings Corporation has a twelve month low of $11.65 and a twelve month high of $40.98. The stock has a market cap of $1.54 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.52 and a beta of 1.25. The stock has a 50 day moving average of $13.00 and a 200 day moving average of $14.77. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92.

Select Medical (NYSE:SEM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter last year, the company earned $0.60 EPS. The business's revenue was up 4.5% on a year-over-year basis. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. As a group, sell-side analysts expect that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, August 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.0%. Select Medical's dividend payout ratio (DPR) is 23.58%.

About Select Medical

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.

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