Royce & Associates LP lessened its holdings in shares of Select Medical Holdings Corporation (NYSE:SEM) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,045 shares of the health services provider’s stock after selling 42,755 shares during the period. Royce & Associates LP owned 0.14% of Select Medical Holdings Corporation worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SEM. Teachers Advisors LLC raised its holdings in shares of Select Medical Holdings Corporation by 2.9% during the fourth quarter. Teachers Advisors LLC now owns 189,476 shares of the health services provider’s stock valued at $2,511,000 after buying an additional 5,286 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Select Medical Holdings Corporation by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the health services provider’s stock valued at $585,000 after buying an additional 700 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Select Medical Holdings Corporation by 27.2% during the first quarter. Russell Investments Group Ltd. now owns 38,781 shares of the health services provider’s stock valued at $518,000 after buying an additional 8,290 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Select Medical Holdings Corporation by 8.6% during the first quarter. Great West Life Assurance Co. Can now owns 150,607 shares of the health services provider’s stock valued at $2,003,000 after buying an additional 11,888 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Select Medical Holdings Corporation by 43.3% during the first quarter. First Trust Advisors LP now owns 180,436 shares of the health services provider’s stock valued at $2,409,000 after buying an additional 54,557 shares during the last quarter. 79.01% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on SEM. ValuEngine raised Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, August 8th. JMP Securities lifted their price target on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a report on Monday, August 7th. Deutsche Bank AG lifted their price target on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Benchmark Co. lifted their price target on Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.29.

In other news, EVP Michael E. Tarvin sold 4,500 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $15.25, for a total transaction of $68,625.00. Following the sale, the executive vice president now directly owns 324,137 shares of the company’s stock, valued at $4,943,089.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael E. Tarvin sold 35,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $15.25, for a total transaction of $533,750.00. Following the sale, the insider now directly owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Insiders have sold 47,448 shares of company stock worth $723,582 over the last three months. 19.93% of the stock is owned by insiders.

Shares of Select Medical Holdings Corporation (NYSE SEM) opened at 18.15 on Tuesday. The company’s 50-day moving average price is $17.13 and its 200 day moving average price is $14.79. Select Medical Holdings Corporation has a one year low of $10.20 and a one year high of $18.80. The company has a market cap of $2.41 billion, a PE ratio of 28.76 and a beta of 1.44.

Select Medical Holdings Corporation (NYSE:SEM) last released its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. Select Medical Holdings Corporation’s revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Select Medical Holdings Corporation will post $0.90 EPS for the current fiscal year.

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Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

Institutional Ownership by Quarter for Select Medical Holdings Corporation (NYSE:SEM)

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