Select Medical Holdings Co. (NYSE:SEM) Chairman Sells $1,495,000.00 in Stock

Select Medical Holdings Co. (NYSE:SEM - Get Free Report) Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the sale, the chairman now directly owns 6,689,668 shares in the company, valued at approximately $200,021,073.20. The sale was disclosed in a document filed with the SEC, which is available at this link.

Select Medical Stock Down 1.8 %

Shares of SEM stock traded down $0.52 during trading hours on Wednesday, reaching $28.72. 693,981 shares of the company's stock were exchanged, compared to its average volume of 575,121. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.17 and a beta of 1.37. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51. The stock's 50 day moving average is $27.96 and its 200-day moving average is $25.51.

Select Medical (NYSE:SEM - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. Analysts predict that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, March 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, February 29th. Select Medical's dividend payout ratio is presently 26.18%.

Analysts Set New Price Targets

Separately, StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Select Medical currently has a consensus rating of "Moderate Buy" and an average price target of $34.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Select Medical in the 4th quarter valued at $34,320,000. Price T Rowe Associates Inc. MD grew its stake in Select Medical by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,617,462 shares of the health services provider's stock valued at $511,932,000 after purchasing an additional 1,170,674 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Select Medical by 4.3% in the first quarter. BlackRock Inc. now owns 18,575,139 shares of the health services provider's stock valued at $445,617,000 after purchasing an additional 762,219 shares during the period. Deutsche Bank AG raised its stake in shares of Select Medical by 1,015.2% in the third quarter. Deutsche Bank AG now owns 553,306 shares of the health services provider's stock worth $13,982,000 after purchasing an additional 503,692 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Select Medical by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 12,347,798 shares of the health services provider's stock worth $290,173,000 after purchasing an additional 342,496 shares during the period. Hedge funds and other institutional investors own 89.48% of the company's stock.

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.

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