Northern Trust Corp Sells 37,203 Shares of Select Medical Holdings Corporation $SEM

Key Points

• Northern Trust Corp has reduced its holdings in Select Medical Holdings Corporation by 2.8% in Q1, selling 37,203 shares and now owning about 1.02% of the company, valued at $21.96 million.
• Select Medical reported a Q2 EPS of $0.32, exceeding estimates, with a revenue of $1.34 billion, reflecting a 4.5% year-over-year increase.
• The company declared a quarterly dividend of $0.0625 per share, with a dividend yield of 1.9% and a payout ratio of 23.58%.

Northern Trust Corp trimmed its position in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,314,843 shares of the health services provider's stock after selling 37,203 shares during the period. Northern Trust Corp owned about 1.02% of Select Medical worth $21,958,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of SEM. SG Americas Securities LLC raised its position in shares of 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 valued at $629,000 after acquiring an additional 22,671 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Select Medical by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,450 shares of the health services provider's stock valued at $403,000 after buying an additional 7,871 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Select Medical during the 1st quarter worth about $416,000. GAMMA Investing LLC increased its stake in shares of Select Medical by 217.4% in the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider's stock valued at $109,000 after acquiring an additional 4,453 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Select Medical in the 1st quarter valued at approximately $460,000. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SEM shares. Royal Bank Of Canada decreased their price objective on shares of Select Medical from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. 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 report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Select Medical has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

Select Medical Stock Up 0.6%

Shares of NYSE SEM traded up $0.08 during midday trading on Thursday, reaching $13.00. The company's stock had a trading volume of 293,556 shares, compared to its average volume of 1,123,827. The stock has a 50 day simple moving average of $13.74 and a 200-day simple moving average of $15.41. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.53 and a beta of 1.25. Select Medical Holdings Corporation has a fifty-two week low of $11.65 and a fifty-two week high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last released its 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. 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 during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. Equities research analysts predict that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, August 13th. Select Medical's dividend 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.