Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its position in Select Medical Holdings Co. (NYSE:SEM) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,968 shares of the health services provider’s stock after selling 1,618 shares during the quarter. Foster & Motley Inc.’s holdings in Select Medical were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SEM. SG Americas Securities LLC purchased a new stake in Select Medical in the 3rd quarter worth about $710,000. Avior Wealth Management LLC purchased a new stake in Select Medical in the 3rd quarter worth about $25,000. Linden Thomas Advisory Services LLC lifted its stake in Select Medical by 11.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 10,679 shares of the health services provider’s stock worth $270,000 after acquiring an additional 1,130 shares in the last quarter. Sippican Capital Advisors lifted its stake in Select Medical by 13.2% in the 3rd quarter. Sippican Capital Advisors now owns 11,225 shares of the health services provider’s stock worth $284,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Argent Capital Management LLC increased its position in Select Medical by 26.8% in the 3rd quarter. Argent Capital Management LLC now owns 12,224 shares of the health services provider’s stock worth $309,000 after purchasing an additional 2,584 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Insider Activity

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SEM. Benchmark reaffirmed a “buy” rating and issued a $39.00 target price on shares of Select Medical in a research report on Friday, April 12th. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.40.

Select Medical Stock Performance

NYSE:SEM opened at $27.71 on Thursday. Select Medical Holdings Co. has a 12-month low of $21.28 and a 12-month high of $33.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32. The firm has a 50-day moving average price of $28.23 and a 200 day moving average price of $25.70. The firm has a market capitalization of $3.56 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Select Medical had a net margin of 3.65% and a return on equity of 16.93%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. Select Medical’s revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.50 annualized dividend and a dividend yield of 1.80%. Select Medical’s dividend payout ratio (DPR) is currently 26.18%.

Select Medical Company Profile

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.