New York State Common Retirement Fund Buys 38,321 Shares of Select Medical Holdings Co. (NYSE:SEM)

New York State Common Retirement Fund raised its holdings in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 78.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,216 shares of the health services provider's stock after buying an additional 38,321 shares during the period. New York State Common Retirement Fund owned about 0.07% of Select Medical worth $2,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Select Medical in the 3rd quarter valued at $29,000. Covestor Ltd raised its stake in Select Medical by 74.9% in the 3rd quarter. Covestor Ltd now owns 4,292 shares of the health services provider's stock worth $108,000 after purchasing an additional 1,838 shares in the last quarter. CI Investments Inc. bought a new stake in Select Medical in the 3rd quarter valued at about $147,000. Sigma Planning Corp acquired a new position in shares of Select Medical during the 3rd quarter worth approximately $209,000. Finally, Watershed Asset Management L.L.C. bought a new position in shares of Select Medical during the third quarter worth approximately $251,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd. Benchmark reissued a "buy" rating and set a $39.00 target price on shares of Select Medical in a report on Friday, May 3rd. Finally, Royal Bank of Canada boosted their price target on Select Medical from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.25.

Insider Activity at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 17.50% of the stock is currently owned by company insiders.

Select Medical Price Performance

Shares of Select Medical stock traded up $0.39 during trading on Thursday, reaching $33.24. 869,003 shares of the company's stock were exchanged, compared to its average volume of 587,950. The firm's 50-day moving average price is $28.83 and its 200 day moving average price is $26.17. The company has a market cap of $4.32 billion, a P/E ratio of 15.83, a PEG ratio of 1.24 and a beta of 1.38. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. Select Medical Holdings Co. has a 1-year low of $21.28 and a 1-year high of $33.51.

Select Medical (NYSE:SEM - Get Free Report) last posted its earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.64 billion. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. As a group, research analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 15th. Select Medical's payout ratio is 23.81%.

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.