Susquehanna Fundamental Investments LLC Buys New Stake in Select Medical Holdings Co. (NYSE:SEM)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,424 shares of the health services provider's stock, valued at approximately $988,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Select Medical by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,431,469 shares of the health services provider's stock worth $83,533,000 after purchasing an additional 62,585 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Select Medical by 48.6% during the fourth quarter. Invesco Ltd. now owns 2,643,943 shares of the health services provider's stock worth $49,838,000 after buying an additional 864,852 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Select Medical by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider's stock valued at $45,310,000 after buying an additional 45,685 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its stake in shares of Select Medical by 404.8% during the fourth quarter. Hood River Capital Management LLC now owns 1,755,733 shares of the health services provider's stock valued at $33,096,000 after buying an additional 1,407,902 shares during the period. 89.48% of the stock is owned by institutional investors and hedge funds.

Select Medical Stock Down 0.2 %

Shares of NYSE:SEM opened at $18.20 on Friday. The stock has a 50-day simple moving average of $17.01 and a 200-day simple moving average of $21.96. The stock has a market capitalization of $2.35 billion, a P/E ratio of 11.03, a PEG ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a 1 year low of $14.99 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13.

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 return on equity of 14.04% and a net margin of 3.23%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Select Medical's quarterly revenue was down 24.4% compared to the same quarter last year. Equities analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently announced 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. This represents a $0.25 annualized dividend and a dividend yield of 1.37%. Select Medical's payout ratio is currently 15.15%.

Select Medical declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the health services provider to buy up to 42.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

SEM has been the subject of several analyst reports. Royal Bank of Canada cut their price target on Select Medical from $47.00 to $23.00 and set an "outperform" rating for the company in a report on Monday, February 24th. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. UBS Group lowered their price target on Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Benchmark upgraded shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a report on Monday, February 24th. Finally, Mizuho initiated coverage on shares of Select Medical in a report on Wednesday, April 16th. They issued an "outperform" rating and a $25.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.80.

Insider Buying and Selling

In other news, CEO David S. Chernow sold 225,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 714,516 shares of the company's stock, valued at approximately $12,861,288. The trade was a 23.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.60% of the stock is currently owned by corporate insiders.

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.

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