Select Medical Holdings Corporation $SEM Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Select Medical Holdings Corporation by 27.3%, acquiring an additional 71,060 shares during the first quarter.
• UBS Group revised its price target for Select Medical down to $14.00 from $15.00, while Royal Bank of Canada lowered its target from $23.00 to $19.00, indicating mixed sentiments among analysts.
• Select Medical recently reported a quarterly earnings per share of $0.32, exceeding expectations of $0.28, along with a 4.5% revenue increase from the previous year.

Public Sector Pension Investment Board boosted its position in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 27.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,385 shares of the health services provider's stock after purchasing an additional 71,060 shares during the period. Public Sector Pension Investment Board owned about 0.26% of Select Medical worth $5,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Select Medical by 2,552.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,596,414 shares of the health services provider's stock valued at $30,092,000 after acquiring an additional 1,536,234 shares during the period. Hood River Capital Management LLC lifted its position in shares of Select Medical by 404.8% during the 4th quarter. Hood River Capital Management LLC now owns 1,755,733 shares of the health services provider's stock valued at $33,096,000 after acquiring an additional 1,407,902 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of Select Medical during the 4th quarter valued at approximately $14,074,000. Nuveen LLC acquired a new position in shares of Select Medical during the 1st quarter worth approximately $12,133,000. Finally, Vanguard Group Inc. raised its position in shares of Select Medical by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider's stock worth $222,378,000 after purchasing an additional 603,079 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SEM. Royal Bank Of Canada cut their price objective on Select Medical from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. UBS Group reaffirmed 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.25.

Select Medical Stock Up 2.8%

Select Medical stock traded up $0.36 during trading on Friday, reaching $13.35. 162,402 shares of the company's stock were exchanged, compared to its average volume of 1,136,825. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-week high of $40.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.68 and a beta of 1.25. The company's 50-day moving average is $14.08 and its two-hundred day moving average is $15.78.

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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The firm's revenue 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. On average, analysts predict that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be issued a $0.0625 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.25 dividend on an annualized basis and a yield of 1.9%. Select Medical's payout ratio is currently 23.58%.

Select Medical announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the health services provider to reacquire up to 42.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is 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.