Strs Ohio Invests $773,000 in Select Medical Holdings Corporation $SEM

Key Points

• Strs Ohio has acquired a new stake in Select Medical Holdings Corporation, purchasing 46,300 shares valued at approximately $773,000 during the first quarter.
• Analysts have mixed ratings for Select Medical, with a consensus rating of "Moderate Buy" and a target price of $19.20, although UBS recently lowered its price objective from $15.00 to $14.00.
• Select Medical recently announced a quarterly dividend of $0.0625 per share, translating to an annualized dividend yield of 2.0% and a payout ratio of 23.58%.

Strs Ohio acquired a new stake in Select Medical Holdings Corporation (NYSE:SEM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 46,300 shares of the health services provider's stock, valued at approximately $773,000.

Several other hedge funds also recently modified their holdings of SEM. Nuveen LLC bought a new stake in shares of Select Medical in the 1st quarter valued at $12,133,000. Vanguard Group Inc. increased its stake in shares of Select Medical by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider's stock valued at $222,378,000 after acquiring an additional 603,079 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Select Medical by 43.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,068,658 shares of the health services provider's stock valued at $17,847,000 after acquiring an additional 322,035 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Select Medical by 96.0% in the 1st quarter. Empowered Funds LLC now owns 613,801 shares of the health services provider's stock valued at $10,250,000 after acquiring an additional 300,631 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Select Medical in the 1st quarter valued at $4,635,000. Institutional investors own 89.48% of the company's stock.

Wall Street Analyst Weigh In

SEM has been the subject of several research analyst reports. UBS Group reiterated a "neutral" rating and issued a $14.00 price objective (down previously from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Bank of America reduced their price target on shares of Select Medical from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $19.20.

Select Medical Price Performance

NYSE SEM traded up $0.14 during mid-day trading on Tuesday, hitting $12.81. The stock had a trading volume of 36,705 shares, compared to its average volume of 1,116,459. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-week high of $40.98. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.50 and a beta of 1.25. The company has a 50 day simple moving average of $13.13 and a 200 day simple moving average of $14.84. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.92.

Select Medical (NYSE:SEM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $0.60 EPS. Select Medical's quarterly 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. Equities analysts forecast that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued 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 dividend payout ratio (DPR) is presently 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.