37,733 Shares in Select Medical Holdings Co. (NYSE:SEM) Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. acquired a new position in Select Medical Holdings Co. (NYSE:SEM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,733 shares of the health services provider's stock, valued at approximately $1,138,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Select Medical in the third quarter worth approximately $29,000. GAMMA Investing LLC acquired a new stake in shares of Select Medical in the fourth quarter valued at $33,000. Covestor Ltd grew its stake in shares of Select Medical by 74.9% in the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider's stock valued at $108,000 after buying an additional 1,838 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of Select Medical in the third quarter valued at $147,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Select Medical by 6.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider's stock valued at $198,000 after buying an additional 405 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the completion of the sale, the chairman now directly owns 6,689,668 shares of the company's stock, valued at approximately $200,021,073.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.14% of the stock is owned by company insiders.

Select Medical Stock Up 10.5 %

NYSE:SEM traded up $2.98 during midday trading on Friday, reaching $31.43. The company had a trading volume of 1,993,546 shares, compared to its average volume of 504,667. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.12 and a beta of 1.38. The stock's fifty day simple moving average is $28.42 and its 200-day simple moving average is $25.93. Select Medical Holdings Co. has a 12-month low of $21.28 and a 12-month high of $33.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32.

Select Medical (NYSE:SEM - Get Free Report) last released its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a return on equity of 18.45% and a net margin of 3.97%. Select Medical's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. On average, sell-side analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, May 15th. Select Medical's dividend payout ratio (DPR) is 23.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, March 22nd. Benchmark reaffirmed a "buy" rating and issued a $39.00 price objective on shares of Select Medical in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.40.

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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