Geode Capital Management LLC Decreases Stake in Select Medical Holdings Co. (NYSE:SEM)

Geode Capital Management LLC decreased its holdings in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,424,508 shares of the health services provider's stock after selling 17,813 shares during the period. Geode Capital Management LLC owned approximately 1.87% of Select Medical worth $45,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in shares of Select Medical by 1.5% during the fourth quarter. Alliancebernstein L.P. now owns 133,628 shares of the health services provider's stock valued at $2,519,000 after buying an additional 1,982 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Select Medical by 17.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,806 shares of the health services provider's stock worth $468,000 after acquiring an additional 3,616 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Select Medical by 27.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,733 shares of the health services provider's stock worth $315,000 after acquiring an additional 3,593 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Select Medical in the fourth quarter valued at about $342,000. Finally, Norges Bank bought a new position in shares of Select Medical during the fourth quarter valued at about $29,556,000. 89.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SEM has been the subject of several analyst reports. Mizuho began coverage on shares of Select Medical in a research note on Wednesday. They issued an "outperform" rating and a $25.00 price objective for the company. UBS Group dropped their price target on Select Medical from $40.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reduced their price objective on Select Medical from $47.00 to $23.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Benchmark raised Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a report on Monday, February 24th. Finally, StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Select Medical currently has a consensus rating of "Moderate Buy" and an average target price of $26.80.

Select Medical Price Performance

Select Medical stock traded up $0.02 during midday trading on Friday, hitting $16.35. 520,861 shares of the company's stock were exchanged, compared to its average volume of 816,569. The stock has a 50-day moving average price of $17.27 and a two-hundred day moving average price of $22.90. Select Medical Holdings Co. has a 52-week low of $14.99 and a 52-week high of $40.98. The company has a market cap of $2.11 billion, a P/E ratio of 9.91, a PEG ratio of 0.64 and a beta of 1.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.11). The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. On average, equities research analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.53%. Select Medical's payout ratio is 15.15%.

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.