Wedge Capital Management L L P NC Buys 5,127 Shares of Select Medical Holdings Co. (NYSE:SEM)

Wedge Capital Management L L P NC raised its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,295 shares of the health services provider’s stock after purchasing an additional 5,127 shares during the period. Wedge Capital Management L L P NC’s holdings in Select Medical were worth $1,064,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SEM. Foundry Partners LLC raised its position in shares of Select Medical by 9.4% in the 4th quarter. Foundry Partners LLC now owns 304,690 shares of the health services provider’s stock worth $7,160,000 after acquiring an additional 26,257 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in Select Medical by 1.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 167,822 shares of the health services provider’s stock valued at $3,944,000 after buying an additional 2,141 shares in the last quarter. Romano Brothers AND Company increased its position in Select Medical by 83.2% in the 4th quarter. Romano Brothers AND Company now owns 76,400 shares of the health services provider’s stock valued at $1,795,000 after buying an additional 34,700 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Select Medical in the 4th quarter valued at about $1,236,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Select Medical by 1.8% in 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 buying an additional 858 shares in the last quarter. 89.48% of the stock is owned by institutional investors.

Insider Transactions at Select Medical

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $26.00, for a total value of $1,300,000.00. Following the transaction, the chairman now owns 6,789,668 shares in the company, valued at $176,531,368. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 19.14% of the company’s stock.

Select Medical Price Performance

SEM stock opened at $27.40 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $33.51. The business has a 50-day simple moving average of $28.23 and a two-hundred day simple moving average of $25.71.

Select Medical (NYSE:SEM) last announced its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Research analysts expect that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. Select Medical’s payout ratio is presently 26.18%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $39.00 target price on shares of Select Medical in a research report on Friday, April 12th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.40.

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.