490,500 Shares in Select Medical Holdings Co. (SEM) Purchased by Senzar Asset Management LLC
Senzar Asset Management LLC acquired a new position in Select Medical Holdings Co. (NYSE:SEM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 490,500 shares of the health services provider’s stock, valued at approximately $8,657,000. Select Medical comprises 2.2% of Senzar Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding.
Several other large investors have also recently made changes to their positions in the company. Burney Co. raised its stake in shares of Select Medical by 85.0% in the fourth quarter. Burney Co. now owns 21,000 shares of the health services provider’s stock worth $371,000 after purchasing an additional 9,650 shares during the last quarter. Investors Research Corp purchased a new position in Select Medical during the fourth quarter valued at approximately $551,000. Sirios Capital Management L P raised its position in Select Medical by 30.9% during the fourth quarter. Sirios Capital Management L P now owns 362,932 shares of the health services provider’s stock valued at $6,406,000 after acquiring an additional 85,726 shares in the last quarter. OppenheimerFunds Inc. raised its position in Select Medical by 6.1% during the fourth quarter. OppenheimerFunds Inc. now owns 175,319 shares of the health services provider’s stock valued at $3,094,000 after acquiring an additional 10,157 shares in the last quarter. Finally, Sawgrass Asset Management LLC purchased a new position in Select Medical during the fourth quarter valued at approximately $338,000. Hedge funds and other institutional investors own 79.20% of the company’s stock.
Shares of Select Medical Holdings Co. (NYSE:SEM) opened at $18.35 on Monday. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.52 and a quick ratio of 1.52. Select Medical Holdings Co. has a 1-year low of $12.00 and a 1-year high of $19.77. The company has a market capitalization of $2,460.81, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23.
In other Select Medical news, insider Martin F. Jackson sold 134,029 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $17.05, for a total value of $2,285,194.45. Following the sale, the insider now directly owns 1,717,944 shares of the company’s stock, valued at $29,290,945.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott A. Romberger sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $18.46, for a total value of $92,300.00. Following the completion of the sale, the insider now directly owns 167,811 shares in the company, valued at $3,097,791.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 295,955 shares of company stock worth $5,054,649. 19.93% of the stock is owned by corporate insiders.
SEM has been the subject of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a $22.00 price target on shares of Select Medical in a research report on Monday, November 6th. TheStreet cut Select Medical from a “b-” rating to a “c+” rating in a research report on Friday, February 2nd. Wells Fargo & Co initiated coverage on Select Medical in a research report on Tuesday, January 30th. They set an “outperform” rating and a $26.00 price target for the company. ValuEngine upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research cut Select Medical from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.38.
ILLEGAL ACTIVITY NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2018/03/05/490500-shares-in-select-medical-holdings-co-sem-purchased-by-senzar-asset-management-llc.html.
About Select Medical
Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.
Want to see what other hedge funds are holding SEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Medical Holdings Co. (NYSE:SEM).
Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.