Versor Investments LP Buys Shares of 35,400 Select Medical Holdings Corporation $SEM

Versor Investments LP purchased a new stake in Select Medical Holdings Corporation (NYSE:SEM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,400 shares of the health services provider’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MAI Capital Management raised its holdings in shares of Select Medical by 48,000.0% during the second quarter. MAI Capital Management now owns 2,405 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 2,400 shares during the period. Cornerstone Planning Group LLC grew its stake in Select Medical by 6,868.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 3,972 shares of the health services provider’s stock valued at $51,000 after purchasing an additional 3,915 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Select Medical by 20.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 5,784 shares of the health services provider’s stock worth $74,000 after buying an additional 999 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Select Medical by 13.2% in the second quarter. Advisors Asset Management Inc. now owns 7,135 shares of the health services provider’s stock valued at $108,000 after buying an additional 834 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Select Medical by 15.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,828 shares of the health services provider’s stock worth $134,000 after purchasing an additional 1,208 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SEM has been the subject of several research analyst reports. Wall Street Zen raised Select Medical from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Select Medical in a research report on Wednesday, January 21st. Mizuho set a $17.00 target price on shares of Select Medical in a report on Monday, November 3rd. Finally, Benchmark reissued a “buy” rating on shares of Select Medical in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.80.

Select Medical Stock Up 0.4%

Shares of NYSE:SEM opened at $16.30 on Friday. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $19.54. The business has a 50 day simple moving average of $15.19 and a two-hundred day simple moving average of $13.96. The firm has a market capitalization of $2.02 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.09 and a quick ratio of 1.09.

Select Medical Company Profile

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.