First Eagle Investment Management LLC Buys 144,500 Shares of Select Medical Holdings Co. (NYSE:SEM)

First Eagle Investment Management LLC lifted its stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 151.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,047 shares of the health services provider's stock after buying an additional 144,500 shares during the period. First Eagle Investment Management LLC owned approximately 0.19% of Select Medical worth $5,641,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Watershed Asset Management L.L.C. increased its holdings in Select Medical by 8.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider's stock valued at $253,000 after purchasing an additional 814 shares during the period. Paralel Advisors LLC increased its holdings in Select Medical by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 73,981 shares of the health services provider's stock valued at $1,870,000 after purchasing an additional 836 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Select Medical by 1.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,310 shares of the health services provider's stock valued at $1,112,000 after purchasing an additional 858 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Select Medical during the 3rd quarter valued at about $29,000. Finally, GAMMA Investing LLC bought a new stake in Select Medical during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 89.48% of the company's stock.

Insider Activity at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the company's stock in a transaction dated 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 owns 6,689,668 shares in the company, valued at approximately $200,021,073.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 19.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SEM has been the topic of several research reports. Benchmark reaffirmed a "buy" rating and set a $39.00 price objective on shares of Select Medical in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Select Medical from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, May 6th. Finally, StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd. Two investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.25.

Select Medical Stock Down 0.8 %

Select Medical stock traded down $0.27 during mid-day trading on Friday, reaching $33.95. The stock had a trading volume of 444,268 shares, compared to its average volume of 623,863. Select Medical Holdings Co. has a one year low of $21.28 and a one year high of $35.08. The company has a 50-day moving average price of $29.58 and a two-hundred day moving average price of $26.66. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.33 and a beta of 1.38. 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 (NYSE:SEM - Get Free Report) last issued its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate 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 was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, analysts expect that Select Medical Holdings Co. will post 2.1 EPS 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. Stockholders 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 dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. Select Medical's payout ratio is currently 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.