24,919 Shares in Select Medical Holdings Corporation (NYSE:SEM) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in shares of Select Medical Holdings Corporation (NYSE:SEM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 24,919 shares of the health services provider's stock, valued at approximately $416,000.

Several other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Select Medical by 2.0% during the 4th quarter. LPL Financial LLC now owns 31,441 shares of the health services provider's stock valued at $593,000 after purchasing an additional 619 shares during the last quarter. Vista Finance LLC grew its position in 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 during the last quarter. Net Worth Advisory Group grew its position 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 acquiring an additional 846 shares during the last quarter. Bank of Montreal Can grew its position in Select Medical by 4.5% during the 4th quarter. Bank of Montreal Can now owns 20,030 shares of the health services provider's stock worth $378,000 after acquiring an additional 867 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Select Medical by 9.5% during the 4th quarter. Sterling Capital Management LLC now owns 11,304 shares of the health services provider's stock worth $213,000 after acquiring an additional 978 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SEM has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on Select Medical from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Mizuho assumed coverage on Select Medical in a report on Wednesday, April 16th. They issued an "outperform" rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.

Insiders Place Their Bets

In other Select Medical news, Director Parvinderjit S. Khanuja bought 21,000 shares of Select Medical stock in a transaction on Monday, May 5th. The stock was acquired at an average price of $15.02 per share, with a total value of $315,420.00. Following the acquisition, the director owned 65,089 shares in the company, valued at approximately $977,636.78. This trade represents a 47.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Chernow sold 225,000 shares of Select Medical stock in a transaction on Monday, April 28th. The stock was sold at an average price of $18.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief executive officer directly owned 714,516 shares of the company's stock, valued at approximately $12,861,288. The trade was a 23.95% decrease in their position. The disclosure for this sale can be found here. 11.60% of the stock is currently owned by company insiders.

Select Medical Stock Down 2.0%

Shares of SEM traded down $0.31 on Monday, reaching $14.83. The stock had a trading volume of 830,076 shares, compared to its average volume of 981,618. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $17.03. Select Medical Holdings Corporation has a 12-month low of $14.03 and a 12-month high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last released its earnings results on Thursday, May 1st. The health services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.40 billion. Select Medical had a net margin of 2.81% and a return on equity of 11.04%. The company's revenue for the quarter was down 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Sell-side analysts predict 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, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, May 15th. Select Medical's payout ratio is 18.66%.

Select Medical announced that its board has approved a share buyback program on Thursday, May 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the health services provider to buy up to 42.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.