Select Medical Holdings Co. (NYSE:SEM) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,383 shares of the health services provider's stock after acquiring an additional 76,084 shares during the period. JPMorgan Chase & Co. owned about 0.38% of Select Medical worth $9,281,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SEM. Jane Street Group LLC grew its stake in Select Medical by 14.2% during the 3rd quarter. Jane Street Group LLC now owns 127,504 shares of the health services provider's stock worth $4,446,000 after buying an additional 15,827 shares during the last quarter. Barclays PLC boosted 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 acquiring an additional 153,576 shares during the period. Geode Capital Management LLC increased its holdings in shares of Select Medical by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider's stock valued at $85,180,000 after acquiring an additional 46,880 shares during the period. Virtu Financial LLC purchased a new stake in Select Medical in the 3rd quarter valued at $210,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Select Medical during the 3rd quarter worth $81,000. Hedge funds and other institutional investors own 89.48% of the company's stock.

Wall Street Analyst Weigh In

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

Select Medical Price Performance

NYSE:SEM traded up $0.02 during trading hours on Friday, hitting $16.35. The company's stock had a trading volume of 520,861 shares, compared to its average volume of 816,569. Select Medical Holdings Co. has a 52-week low of $14.99 and a 52-week high of $40.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The business's 50-day moving average is $17.27 and its two-hundred day moving average is $22.83. The company has a market capitalization of $2.11 billion, a PE ratio of 9.91, a PEG ratio of 0.64 and a beta of 1.38.

Select Medical (NYSE:SEM - Get Free Report) last announced its quarterly earnings results 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). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.50 billion. As a group, research analysts anticipate that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

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

Select Medical Company 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.