Vanguard Group Inc. Has $222.38 Million Holdings in Select Medical Holdings Corporation $SEM

Key Points

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Vanguard Group Inc. lifted its holdings in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,316,069 shares of the health services provider's stock after purchasing an additional 603,079 shares during the period. Vanguard Group Inc. owned 10.33% of Select Medical worth $222,378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in 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 worth $30,092,000 after acquiring an additional 1,536,234 shares during the last quarter. Hood River Capital Management LLC lifted its position in 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 worth $33,096,000 after acquiring an additional 1,407,902 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in Select Medical during the 4th quarter worth $14,074,000. BNP Paribas Financial Markets lifted its position in Select Medical by 1,965.5% during the 4th 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 acquired a new position in shares of Select Medical during the fourth quarter valued at about $8,240,000. Institutional investors and hedge funds own 89.48% of the company's stock.

Select Medical Stock Up 1.6%

Shares of SEM opened at $12.92 on Tuesday. 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 capitalization of $1.60 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.68 and a beta of 1.25. The company has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $15.87.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

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

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.9%. Select Medical's dividend payout ratio (DPR) is presently 23.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SEM. UBS Group reaffirmed a "neutral" rating and set a $14.00 price objective (down previously from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Royal Bank Of Canada cut their price objective on shares of Select Medical from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Select Medical currently has an average rating of "Moderate Buy" and an average price target of $24.60.

Select Medical 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.

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