Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lessened its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,819 shares of the health services provider’s stock after selling 3,630 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Select Medical were worth $2,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Select Medical during the 3rd quarter valued at about $30,000. Smartleaf Asset Management LLC grew its position in Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after acquiring an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Medical during the third quarter valued at approximately $81,000. Vista Finance LLC acquired a new position in shares of Select Medical during the fourth quarter worth $193,000. Finally, Virtu Financial LLC purchased a new position in shares of Select Medical in the third quarter valued at $210,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Performance

Shares of SEM stock opened at $17.92 on Monday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a one year low of $16.20 and a one year high of $40.98. The company’s 50-day simple moving average is $18.94 and its 200-day simple moving average is $26.87. 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 (NYSE:SEM) last released its earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts anticipate that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.40%. Select Medical’s dividend payout ratio (DPR) is 15.15%.

Analyst Ratings Changes

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