Select Medical Holdings Co. (NYSE:SEM) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,492,332 shares of the health services provider’s stock after selling 400,826 shares during the quarter. LSV Asset Management owned approximately 1.16% of Select Medical worth $35,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. grew its position in shares of Select Medical by 15.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,739,361 shares of the health services provider’s stock worth $40,875,000 after buying an additional 235,964 shares in the last quarter. Sivik Global Healthcare LLC lifted its stake in Select Medical by 30.0% during the fourth quarter. Sivik Global Healthcare LLC now owns 250,000 shares of the health services provider’s stock worth $5,875,000 after purchasing an additional 57,657 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Select Medical by 10.7% during the fourth quarter. Russell Investments Group Ltd. now owns 36,744 shares of the health services provider’s stock worth $863,000 after purchasing an additional 3,547 shares during the last quarter. Truist Financial Corp lifted its stake in Select Medical by 10.3% during the fourth quarter. Truist Financial Corp now owns 13,814 shares of the health services provider’s stock worth $325,000 after purchasing an additional 1,286 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Select Medical by 25.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 109,375 shares of the health services provider’s stock worth $2,570,000 after purchasing an additional 21,840 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 17.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SEM. Benchmark restated a “buy” rating and set a $39.00 price objective on shares of Select Medical in a research note on Friday. 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 given a buy rating to the stock. According to MarketBeat.com, Select Medical has an average rating of “Moderate Buy” and an average price target of $34.40.

Select Medical Price Performance

Shares of SEM opened at $31.43 on Monday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. Select Medical Holdings Co. has a one year low of $21.28 and a one year high of $33.51. The stock’s fifty day moving average is $28.42 and its 200-day moving average is $25.95.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. Equities analysts anticipate that Select Medical Holdings Co. will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors 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 yield of 1.59%. The ex-dividend date is Wednesday, May 15th. Select Medical’s payout ratio is currently 23.81%.

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.