The Manufacturers Life Insurance Company Has $23.67 Million Holdings in Select Medical Holdings Corporation $SEM

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Select Medical Holdings by 11.2%, selling 178,965 shares during the first quarter, while holding 1.10% of the company valued at approximately $23.67 million.
• Select Medical reported an earnings per share (EPS) of $0.32 for the last quarter, surpassing estimates, with a revenue of $1.34 billion and a year-over-year revenue increase of 4.5%.
• The company has declared a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 1.9%, with a payout ratio of 23.58%.

The Manufacturers Life Insurance Company reduced its position in shares of Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 11.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,417,449 shares of the health services provider's stock after selling 178,965 shares during the period. The Manufacturers Life Insurance Company owned about 1.10% of Select Medical worth $23,671,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC bought a new position in shares of Select Medical in the fourth quarter worth about $14,074,000. Nuveen LLC bought a new position in shares of Select Medical in the first quarter worth about $12,133,000. Vanguard Group Inc. raised its stake in shares of Select Medical by 4.7% in the first quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider's stock worth $222,378,000 after acquiring an additional 603,079 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Select Medical by 1,965.5% in the fourth quarter. BNP Paribas Financial Markets now owns 551,912 shares of the health services provider's stock worth $10,404,000 after acquiring an additional 525,192 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Select Medical in the fourth quarter worth about $8,240,000. 89.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $20.25.

Select Medical Trading Up 0.6%

Shares of NYSE:SEM traded up $0.08 during trading on Friday, hitting $13.09. 833,706 shares of the company's stock were exchanged, compared to its average volume of 896,261. Select Medical Holdings Corporation has a 1-year low of $11.65 and a 1-year high of $40.98. The firm has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $15.30. 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 firm has a market cap of $1.62 billion, a P/E ratio of 12.35, a PEG ratio of 0.54 and a beta of 1.25.

Select Medical (NYSE:SEM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The company 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%. Select Medical's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. Equities analysts predict that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

Select Medical Announces Dividend

The company also recently disclosed 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. The ex-dividend date was 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%.

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.