Hood River Capital Management LLC Cuts Position in Select Medical Holdings Corporation $SEM

Hood River Capital Management LLC reduced its stake in shares of Select Medical Holdings Corporation (NYSE:SEM) by 45.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,656,822 shares of the health services provider’s stock after selling 1,360,207 shares during the quarter. Hood River Capital Management LLC’s holdings in Select Medical were worth $25,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SEM. MAI Capital Management increased its stake in Select Medical by 48,000.0% in the 2nd quarter. MAI Capital Management now owns 2,405 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 2,400 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Select Medical by 61.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock worth $45,000 after buying an additional 1,030 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Select Medical in the 1st quarter worth about $60,000. Advisors Asset Management Inc. increased its holdings in Select Medical by 168.2% during the 1st quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock valued at $105,000 after acquiring an additional 3,952 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Select Medical by 15.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,828 shares of the health services provider’s stock worth $134,000 after acquiring an additional 1,208 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SEM shares. Royal Bank Of Canada increased their price target on shares of Select Medical from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating on shares of Select Medical in a research report on Monday, October 27th. Mizuho set a $17.00 target price on shares of Select Medical in a research note on Monday, November 3rd. Wall Street Zen upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Bank of America decreased their target price on Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Select Medical currently has an average rating of “Moderate Buy” and a consensus price target of $17.80.

Select Medical Price Performance

Shares of NYSE SEM opened at $14.93 on Monday. Select Medical Holdings Corporation has a 1-year low of $11.65 and a 1-year high of $20.83. The firm has a market capitalization of $1.85 billion, a PE ratio of 17.37, a P/E/G ratio of 0.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average price is $13.79 and its two-hundred day moving average price is $13.85.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, October 30th. The health services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Select Medical had a net margin of 2.05% and a return on equity of 7.41%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Select Medical has set its FY 2025 guidance at 1.140-1.240 EPS. On average, research analysts expect that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Wednesday, November 12th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, November 12th. Select Medical’s dividend payout ratio (DPR) is currently 29.07%.

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.