Essex Investment Management Co. LLC Reduces Holdings in Select Medical Holdings Co. (NYSE:SEM)

Essex Investment Management Co. LLC trimmed its position in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 28.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,900 shares of the health services provider's stock after selling 54,156 shares during the quarter. Essex Investment Management Co. LLC owned 0.10% of Select Medical worth $3,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Select Medical by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,431,681 shares of the health services provider's stock worth $104,147,000 after purchasing an additional 48,300 shares during the last quarter. Seizert Capital Partners LLC lifted its position in shares of Select Medical by 15.4% during the fourth quarter. Seizert Capital Partners LLC now owns 156,975 shares of the health services provider's stock worth $3,689,000 after purchasing an additional 21,002 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Select Medical by 3.3% during the fourth quarter. Teacher Retirement System of Texas now owns 43,504 shares of the health services provider's stock worth $1,022,000 after purchasing an additional 1,387 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Select Medical by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,467,109 shares of the health services provider's stock worth $34,477,000 after purchasing an additional 79,907 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Select Medical by 15.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,739,361 shares of the health services provider's stock worth $40,875,000 after purchasing an additional 235,964 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Select Medical

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 value of $1,495,000.00. Following the transaction, the chairman now owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.14% of the stock is owned by insiders.

Select Medical Stock Up 1.1 %

Shares of SEM stock traded up $0.36 on Friday, hitting $33.59. The stock had a trading volume of 514,333 shares, compared to its average volume of 630,157. The business has a 50 day moving average price of $28.96 and a 200 day moving average price of $26.28. Select Medical Holdings Co. has a one year low of $21.28 and a one year high of $33.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30. The company has a market cap of $4.37 billion, a PE ratio of 16.00, a P/E/G ratio of 1.31 and a beta of 1.38.

Select Medical (NYSE:SEM - Get Free Report) last posted its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that Select Medical Holdings Co. will post 2.04 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.50 annualized dividend and a yield of 1.49%. Select Medical's dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada lifted their target price on Select Medical from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, May 6th. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a report on Friday, March 22nd. Finally, Benchmark restated a "buy" rating and issued a $39.00 price objective on shares of Select Medical in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Select Medical currently has an average rating of "Moderate Buy" and a consensus price target of $34.25.

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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