First Eagle Investment Management LLC Purchases 64,700 Shares of Select Medical Holdings Co. (NYSE:SEM)

First Eagle Investment Management LLC lifted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,359 shares of the health services provider’s stock after purchasing an additional 64,700 shares during the quarter. First Eagle Investment Management LLC owned 0.28% of Select Medical worth $6,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SEM. Point72 Asset Management L.P. boosted its position in shares of Select Medical by 144.2% during the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock worth $71,825,000 after purchasing an additional 1,216,263 shares in the last quarter. Empowered Funds LLC bought a new stake in Select Medical in the 4th quarter valued at $5,903,000. Raymond James Financial Inc. bought a new stake in Select Medical in the 4th quarter valued at $5,858,000. Loomis Sayles & Co. L P bought a new stake in Select Medical in the 3rd quarter valued at $9,710,000. Finally, LMR Partners LLP bought a new stake in Select Medical in the 3rd quarter valued at $6,139,000. 89.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on SEM. UBS Group cut their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Benchmark upgraded shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada lowered their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.25.

Select Medical Stock Up 1.2 %

Select Medical stock opened at $16.79 on Friday. The firm has a market capitalization of $2.16 billion, a PE ratio of 10.17, a P/E/G ratio of 0.64 and a beta of 1.56. The company’s 50-day moving average is $18.76 and its 200-day moving average is $26.29. Select Medical Holdings Co. has a fifty-two week low of $16.20 and a fifty-two week high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. Sell-side analysts anticipate that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a yield of 1.49%. Select Medical’s dividend payout ratio (DPR) is currently 15.15%.

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.