Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its position in Select Medical Holdings Co. (NYSE:SEM) by 12.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,665 shares of the health services provider’s stock after selling 1,060 shares during the period. Coldstream Capital Management Inc.’s holdings in Select Medical were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Quarry LP bought a new stake in Select Medical during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC acquired a new stake in Select Medical in the second quarter worth about $35,000. Canada Pension Plan Investment Board acquired a new position in Select Medical during the 2nd quarter valued at about $39,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Select Medical during the 2nd quarter worth about $60,000. Finally, GAMMA Investing LLC lifted its stake in shares of Select Medical by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after acquiring an additional 330 shares during the period. Institutional investors own 89.48% of the company’s stock.

Insider Buying and Selling

In other Select Medical news, VP Robert G. Breighner, Jr. sold 4,989 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total value of $99,530.55. Following the completion of the sale, the vice president now owns 30,356 shares in the company, valued at $605,602.20. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marilyn B. Tavenner sold 32,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $463,980. This represents a 59.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 19.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SEM. Bank of America initiated coverage on Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price for the company. Benchmark cut shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted 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.

Select Medical Trading Up 0.7 %

Shares of SEM opened at $19.62 on Tuesday. The business’s 50-day moving average price is $31.24 and its 200 day moving average price is $33.77. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.54 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.39 and a beta of 1.43. Select Medical Holdings Co. has a 1-year low of $19.20 and a 1-year high of $40.98.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Select Medical Holdings Co. will post 1.97 earnings per share for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s payout ratio is 23.36%.

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.