Invesco Ltd. Raises Position in Select Medical Holdings Co. (NYSE:SEM)

Invesco Ltd. increased its stake in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,643,943 shares of the health services provider's stock after acquiring an additional 864,852 shares during the quarter. Invesco Ltd. owned about 2.04% of Select Medical worth $49,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SEM. Norges Bank bought a new stake in shares of Select Medical in the fourth quarter worth about $29,556,000. Empowered Funds LLC bought a new stake in Select Medical in the 4th quarter worth approximately $5,903,000. Raymond James Financial Inc. purchased a new stake in shares of Select Medical during the 4th quarter worth approximately $5,858,000. Barclays PLC grew its holdings in shares of Select Medical by 396.0% in the third quarter. Barclays PLC now owns 192,357 shares of the health services provider's stock valued at $6,707,000 after purchasing an additional 153,576 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Select Medical by 6.7% in the third quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider's stock worth $82,208,000 after purchasing an additional 147,032 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SEM shares. Benchmark upgraded shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a report on Monday, February 24th. StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. UBS Group lowered their price objective on Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada decreased their price target on Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, Mizuho began coverage on shares of Select Medical in a research note on Wednesday, April 16th. They set an "outperform" rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Select Medical has an average rating of "Moderate Buy" and a consensus target price of $26.80.

Select Medical Trading Down 3.9 %

Shares of NYSE SEM traded down $0.65 during midday trading on Monday, hitting $15.72. The company's stock had a trading volume of 27,030 shares, compared to its average volume of 813,520. Select Medical Holdings Co. has a 12-month low of $14.99 and a 12-month high of $40.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2.03 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. The business's 50 day moving average is $17.27 and its two-hundred day moving average is $22.83.

Select Medical (NYSE:SEM - Get Free Report) last released its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.11). The business 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%. As a group, equities research analysts expect that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.59%. Select Medical's dividend payout ratio is currently 15.15%.

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.