Select Medical Holdings Co. (NYSE:SEM) Shares Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. raised its position in Select Medical Holdings Co. (NYSE:SEM) by 8.2% in the 4th quarter, Holdings Channel reports. The fund owned 10,760 shares of the health services provider’s stock after purchasing an additional 814 shares during the period. Watershed Asset Management L.L.C.’s holdings in Select Medical were worth $253,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SEM. Avior Wealth Management LLC purchased a new position in shares of Select Medical during the 3rd quarter valued at approximately $25,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Select Medical during the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. purchased a new position in shares of Select Medical during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new position in shares of Select Medical during the 4th quarter valued at approximately $33,000. Finally, Covestor Ltd boosted its stake in shares of Select Medical by 74.9% during the 3rd quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock valued at $108,000 after buying an additional 1,838 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark restated a “buy” rating and set a $39.00 price objective on shares of Select Medical in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Select Medical presently has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Select Medical Stock Performance

SEM traded down $0.45 during trading hours on Wednesday, hitting $27.72. 444,770 shares of the stock were exchanged, compared to its average volume of 570,359. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $33.51. The stock has a 50-day simple moving average of $28.21 and a 200-day simple moving average of $25.69.

Select Medical (NYSE:SEM) last posted its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (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 analysts’ expectations of $1.64 billion. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. Analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, March 1st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 29th. Select Medical’s payout ratio is 26.18%.

Insider Buying and Selling at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the sale, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.50% of the stock is currently owned by company insiders.

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.