Select Medical Holdings Corporation $SEM Shares Bought by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management increased its holdings in Select Medical by 18% during Q2, acquiring an additional 24,685 shares, bringing its total ownership to approximately 161,795 shares valued at $2.46 million.
• Analysts have adjusted their price targets for Select Medical, with Bank of America lowering it from $18.00 to $15.00 while maintaining a "buy" rating, amid a consensus price target of $19.20.
• Select Medical reported a quarterly earnings increase of 4.5% year-over-year, achieving $1.34 billion in revenue and $0.32 EPS, surpassing analyst expectations.

Wedge Capital Management L L P NC increased its holdings in Select Medical Holdings Corporation (NYSE:SEM - Free Report) by 18.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,795 shares of the health services provider's stock after purchasing an additional 24,685 shares during the period. Wedge Capital Management L L P NC owned approximately 0.13% of Select Medical worth $2,456,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vista Finance LLC boosted its stake in Select Medical by 7.0% during the first quarter. Vista Finance LLC now owns 10,969 shares of the health services provider's stock worth $183,000 after acquiring an additional 716 shares in the last quarter. Net Worth Advisory Group lifted its holdings in Select Medical by 6.4% during the first quarter. Net Worth Advisory Group now owns 14,045 shares of the health services provider's stock valued at $235,000 after purchasing an additional 846 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Select Medical by 61.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider's stock valued at $45,000 after buying an additional 1,030 shares during the last quarter. Hsbc Holdings PLC increased its stake in Select Medical by 1.9% in the 1st quarter. Hsbc Holdings PLC now owns 94,084 shares of the health services provider's stock worth $1,578,000 after acquiring an additional 1,779 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Select Medical by 5.8% during the first quarter. M&T Bank Corp now owns 36,629 shares of the health services provider's stock worth $612,000 after acquiring an additional 1,996 shares during the last quarter. Institutional investors own 89.48% of the company's stock.

Select Medical Stock Up 3.0%

SEM stock traded up $0.38 during trading on Monday, hitting $12.73. 1,057,539 shares of the company's stock were exchanged, compared to its average volume of 913,199. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-week high of $40.98. 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 $1.58 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.50 and a beta of 1.25. The business has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $14.84.

Select Medical (NYSE:SEM - Get Free Report) last released 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. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company's quarterly 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. As a group, equities research analysts expect that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.0%. Select Medical's dividend payout ratio (DPR) is presently 23.58%.

Wall Street Analysts Forecast Growth

SEM has been the subject of a number of research reports. UBS Group reiterated a "neutral" rating and issued a $14.00 price target (down previously from $15.00) on shares of Select Medical in a report on Monday, August 4th. Bank of America lowered their price target on 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 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, Select Medical currently has a consensus rating of "Moderate Buy" and an average price target of $19.20.

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.