LSV Asset Management Sells 400,826 Shares of Select Medical Holdings Co. (NYSE:SEM)

LSV Asset Management trimmed its holdings in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,492,332 shares of the health services provider's stock after selling 400,826 shares during the period. LSV Asset Management owned approximately 1.16% of Select Medical worth $35,070,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Select Medical during the 3rd quarter worth about $29,000. GAMMA Investing LLC acquired a new stake in shares of Select Medical during the 4th quarter worth about $33,000. Covestor Ltd increased its position in Select Medical by 74.9% in the 3rd quarter. Covestor Ltd now owns 4,292 shares of the health services provider's stock valued at $108,000 after acquiring an additional 1,838 shares in the last quarter. CI Investments Inc. acquired a new stake in Select Medical in the 3rd quarter valued at about $147,000. Finally, Sigma Planning Corp bought a new position in shares of Select Medical in the 3rd quarter valued at about $209,000. 89.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SEM shares. Royal Bank of Canada raised their target price on shares of Select Medical from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday. StockNews.com raised shares of Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, March 22nd. Finally, Benchmark reissued a "buy" rating and set a $39.00 price objective on shares of Select Medical in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.80.

Insider Activity

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the business's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The sale was disclosed in a filing with the SEC, which is available through this link. 19.14% of the stock is owned by corporate insiders.

Select Medical Stock Up 2.2 %

SEM traded up $0.68 during trading on Monday, reaching $32.11. The company had a trading volume of 988,987 shares, compared to its average volume of 583,021. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.22 and a quick ratio of 1.22. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $33.51. The business's fifty day moving average price is $28.50 and its 200 day moving average price is $26.01. The company has a market cap of $4.12 billion, a P/E ratio of 15.29, a PEG ratio of 1.24 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.22 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.56%. Select Medical's dividend payout ratio (DPR) is presently 23.81%.

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.