Intech Investment Management LLC Buys 7,021 Shares of Select Medical Holdings Co. (NYSE:SEM)

Intech Investment Management LLC lifted its position in Select Medical Holdings Co. (NYSE:SEM) by 39.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,720 shares of the health services provider’s stock after acquiring an additional 7,021 shares during the quarter. Intech Investment Management LLC’s holdings in Select Medical were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Select Medical during the 1st quarter worth approximately $467,000. Hood River Capital Management LLC purchased a new stake in Select Medical during the second quarter valued at $14,819,000. Comerica Bank lifted its position in Select Medical by 30.0% during the first quarter. Comerica Bank now owns 68,485 shares of the health services provider’s stock valued at $2,065,000 after purchasing an additional 15,824 shares during the last quarter. Boston Partners bought a new stake in shares of Select Medical in the 1st quarter worth about $718,000. Finally, Principal Financial Group Inc. raised its position in shares of Select Medical by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock valued at $82,208,000 after buying an additional 147,032 shares in the last quarter. 89.48% of the stock is owned by institutional investors.

Select Medical Stock Performance

Shares of Select Medical stock opened at $20.35 on Friday. Select Medical Holdings Co. has a 52 week low of $20.00 and a 52 week high of $40.98. The company has a market capitalization of $2.63 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.42. The stock’s fifty day moving average is $34.39 and its two-hundred day moving average is $34.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. As a group, analysts expect that Select Medical Holdings Co. will post 2.16 earnings per share for the current year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SEM shares. StockNews.com cut Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Benchmark downgraded Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America assumed coverage on shares of Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.75.

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.