LSV Asset Management Reduces Stake in Select Medical Holdings Co. (NYSE:SEM)

LSV Asset Management cut its holdings in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 69.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 216,600 shares of the health services provider's stock after selling 494,517 shares during the quarter. LSV Asset Management owned about 0.17% of Select Medical worth $4,083,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SEM. Smartleaf Asset Management LLC increased its holdings in shares of Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock valued at $43,000 after purchasing an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Select Medical during the 3rd quarter valued at approximately $81,000. Cibc World Markets Corp acquired a new stake in shares of Select Medical in the fourth quarter worth $191,000. Vista Finance LLC purchased a new position in shares of Select Medical during the fourth quarter worth $193,000. Finally, Vestcor Inc lifted its position in Select Medical by 16.7% during the fourth quarter. Vestcor Inc now owns 11,055 shares of the health services provider's stock valued at $208,000 after purchasing an additional 1,580 shares during the period. Institutional investors and hedge funds own 89.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SEM. UBS Group reduced 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. 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 report on Monday, February 24th. Mizuho began coverage on shares of Select Medical in a research note on Wednesday. They set an "outperform" rating and a $25.00 price objective on the stock. Royal Bank of Canada decreased their target price on shares of Select Medical from $47.00 to $23.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, StockNews.com upgraded shares of Select Medical from a "hold" rating to a "buy" rating in a research report 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. According to MarketBeat, Select Medical currently has an average rating of "Moderate Buy" and a consensus price target of $26.80.

Select Medical Price Performance

SEM traded up $0.02 during midday trading on Friday, hitting $16.35. 520,861 shares of the company traded hands, compared to its average volume of 816,068. Select Medical Holdings Co. has a 52-week low of $14.99 and a 52-week 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 business has a 50 day simple moving average of $17.27 and a two-hundred day simple moving average of $22.98. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.64 and a beta of 1.38.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). The firm had revenue of $1.31 billion for 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 analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

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