Select Medical Holdings Co. (NYSE:SEM) Shares Sold by LMR Partners LLP

LMR Partners LLP lowered its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 40.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,464 shares of the health services provider's stock after selling 71,597 shares during the period. LMR Partners LLP owned about 0.08% of Select Medical worth $1,969,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SEM. Argent Capital Management LLC increased its stake in Select Medical by 79.8% during the fourth quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider's stock worth $1,039,000 after acquiring an additional 24,471 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Select Medical by 1,309.5% during the 4th quarter. American Century Companies Inc. now owns 137,169 shares of the health services provider's stock valued at $2,586,000 after purchasing an additional 127,437 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Select Medical by 122.8% in the 4th quarter. Sanctuary Advisors LLC now owns 52,175 shares of the health services provider's stock worth $1,035,000 after acquiring an additional 28,759 shares during the last quarter. Sterling Capital Management LLC grew its position in Select Medical by 9.5% during the 4th quarter. Sterling Capital Management LLC now owns 11,304 shares of the health services provider's stock worth $213,000 after purchasing an additional 978 shares during the period. Finally, Vanguard Group Inc. grew its position in Select Medical by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider's stock worth $239,640,000 after purchasing an additional 131,228 shares during the period. Institutional investors own 89.48% of the company's stock.

Insider Buying and Selling

In related news, CEO David S. Chernow sold 225,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $18.00, for a total transaction of $4,050,000.00. Following the sale, the chief executive officer now owns 714,516 shares in the company, valued at approximately $12,861,288. This trade represents a 23.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Parvinderjit S. Khanuja purchased 21,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $315,420.00. Following the purchase, the director now owns 65,089 shares of the company's stock, valued at $977,636.78. This trade represents a 47.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SEM has been the topic of a number of research reports. StockNews.com raised shares of Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada dropped their target price on shares of Select Medical from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Benchmark upgraded shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Monday, February 24th. Finally, Mizuho started coverage on shares of Select Medical in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $25.00 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.

Select Medical Stock Up 0.9%

Shares of SEM stock traded up $0.13 on Friday, reaching $15.36. 861,466 shares of the stock were exchanged, compared to its average volume of 888,500. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The business's 50 day moving average price is $16.35 and its 200 day moving average price is $20.70. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.64 and a beta of 1.40. Select Medical Holdings Co. has a twelve month low of $14.03 and a twelve month high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The health services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The business's revenue was down 24.4% on a year-over-year basis. As a group, sell-side analysts expect that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the health services provider to buy up to 42.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Select Medical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.25 annualized dividend and a yield of 1.63%. Select Medical's dividend payout ratio is currently 18.66%.

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.