Denali Advisors LLC Purchases 49,218 Shares of Select Medical Holdings Co. (NYSE:SEM)

Denali Advisors LLC lifted its stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 337.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,783 shares of the health services provider's stock after purchasing an additional 49,218 shares during the period. Denali Advisors LLC's holdings in Select Medical were worth $1,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in Select Medical by 6.8% during the third quarter. Public Employees Retirement System of Ohio now owns 7,386 shares of the health services provider's stock worth $163,000 after acquiring an additional 473 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Select Medical by 6.0% during the second quarter. Ameritas Investment Partners Inc. now owns 8,588 shares of the health services provider's stock worth $274,000 after acquiring an additional 486 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Select Medical by 0.7% during the first quarter. Great West Life Assurance Co. Can now owns 93,400 shares of the health services provider's stock worth $2,297,000 after acquiring an additional 604 shares during the last quarter. LPL Financial LLC raised its position in Select Medical by 4.4% during the fourth quarter. LPL Financial LLC now owns 16,978 shares of the health services provider's stock worth $422,000 after acquiring an additional 714 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in Select Medical by 0.9% during the first quarter. Yousif Capital Management LLC now owns 96,181 shares of the health services provider's stock worth $2,307,000 after acquiring an additional 813 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company's stock.

Select Medical Trading Up 2.4 %

Shares of NYSE:SEM traded up $0.70 during trading on Friday, reaching $30.15. The stock had a trading volume of 463,400 shares, compared to its average volume of 457,301. The business has a fifty day moving average price of $27.52 and a 200-day moving average price of $25.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32. The stock has a market cap of $3.87 billion, a P/E ratio of 15.79, a PEG ratio of 1.18 and a beta of 1.36. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The health services provider reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a net margin of 3.65% and a return on equity of 16.93%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, analysts anticipate 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. Investors of record on Friday, March 1st were issued a $0.125 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.50 dividend on an annualized basis and a yield of 1.66%. Select Medical's payout ratio is 26.18%.

Insider Activity at Select Medical

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $26.00, for a total value of $1,300,000.00. Following the completion of the sale, the chairman now directly owns 6,789,668 shares in the company, valued at $176,531,368. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $26.00, for a total value of $1,300,000.00. Following the completion of the sale, the chairman now directly owns 6,789,668 shares in the company, valued at $176,531,368. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Robert A. Ortenzio sold 100,000 shares of the business's stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $26.63, for a total transaction of $2,663,000.00. Following the completion of the sale, the chairman now owns 6,839,668 shares of the company's stock, valued at $182,140,358.84. The disclosure for this sale can be found here. 19.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 has a consensus rating of "Moderate Buy" and a consensus target price of $34.40.

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.