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

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

A number of other institutional investors have also recently bought and sold shares of the business. KBC Group NV boosted its holdings in Select Medical by 4.5% in the 3rd quarter. KBC Group NV now owns 13,050 shares of the health services provider’s stock valued at $455,000 after purchasing an additional 563 shares during the period. Swiss National Bank boosted its holdings in Select Medical by 0.4% in the 3rd quarter. Swiss National Bank now owns 215,900 shares of the health services provider’s stock valued at $7,528,000 after purchasing an additional 800 shares during the period. Quarry LP bought a new stake in shares of Select Medical during the 3rd quarter worth approximately $30,000. Sippican Capital Advisors lifted its holdings in shares of Select Medical by 7.3% during the 4th quarter. Sippican Capital Advisors now owns 13,354 shares of the health services provider’s stock worth $252,000 after acquiring an additional 912 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Select Medical by 2.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 56,719 shares of the health services provider’s stock worth $1,069,000 after acquiring an additional 1,234 shares during the period. Institutional investors own 89.48% of the company’s stock.

Select Medical Trading Up 1.2 %

Shares of NYSE SEM opened at $16.79 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical Holdings Co. has a 52-week low of $16.20 and a 52-week high of $40.98. The firm has a 50 day moving average price of $18.76 and a two-hundred day moving average price of $26.29. The stock has a market cap of $2.16 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56.

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

Select Medical Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

Analysts Set New Price Targets

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

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.