Intech Investment Management LLC Raises Stock Position in Select Medical Holdings Corporation $SEM

Key Points

• Intech Investment Management LLC increased its holdings in Select Medical Holdings Corporation by 21.2%, owning 176,721 shares valued at approximately $2.95 million as of its latest SEC filing.
• During the first quarter, several institutional investors, including Caitong International Asset Management and Advisors Asset Management, significantly increased their stakes in Select Medical, reflecting growing institutional interest in the company.
• Select Medical recently reported better-than-expected earnings, with $0.32 earnings per share, and announced a quarterly dividend of $0.0625 per share, representing an annualized yield of 2.0%.

Intech Investment Management LLC boosted its holdings in shares of Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 21.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,721 shares of the health services provider's stock after acquiring an additional 30,892 shares during the period. Intech Investment Management LLC owned about 0.14% of Select Medical worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vista Finance LLC raised its stake in shares of Select Medical by 7.0% during the 1st quarter. Vista Finance LLC now owns 10,969 shares of the health services provider's stock worth $183,000 after acquiring an additional 716 shares in the last quarter. Net Worth Advisory Group grew its stake in Select Medical by 6.4% during the 1st quarter. Net Worth Advisory Group now owns 14,045 shares of the health services provider's stock worth $235,000 after buying an additional 846 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $45,000 after buying an additional 1,030 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Select Medical by 1.9% in the first quarter. Hsbc Holdings PLC now owns 94,084 shares of the health services provider's stock worth $1,578,000 after acquiring an additional 1,779 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Select Medical by 5.8% in the first quarter. M&T Bank Corp now owns 36,629 shares of the health services provider's stock worth $612,000 after acquiring an additional 1,996 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors.

Select Medical Price Performance

Shares of NYSE SEM traded down $0.25 during mid-day trading on Friday, reaching $12.38. The company's stock had a trading volume of 2,355,341 shares, compared to its average volume of 844,700. The stock has a 50-day moving average of $13.17 and a two-hundred day moving average of $14.92. The stock has a market capitalization of $1.53 billion, a P/E ratio of 11.68, a P/E/G 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 results on Thursday, July 31st. The health services provider reported $0.32 earnings per share 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 analysts' expectations of $1.35 billion. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. On average, equities research analysts anticipate that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently declared 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 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 currently 23.58%.

Analyst Ratings Changes

A number of analysts recently commented on SEM shares. Bank of America lowered 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 note on Wednesday, September 10th. UBS Group reiterated a "neutral" rating and issued a $14.00 target price (down from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.20.

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.