Polar Asset Management Partners Inc. Takes $22.81 Million Position in Select Medical Holdings Corporation $SEM

Polar Asset Management Partners Inc. bought a new position in shares of Select Medical Holdings Corporation (NYSE:SEM) during the first quarter, HoldingsChannel reports. The institutional investor bought 1,400,000 shares of the health services provider’s stock, valued at approximately $22,806,000. Select Medical accounts for approximately 0.5% of Polar Asset Management Partners Inc.’s investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in SEM. Hsbc Holdings PLC grew its holdings in Select Medical by 7,554.6% during the 1st quarter. Hsbc Holdings PLC now owns 2,245,163 shares of the health services provider’s stock valued at $36,596,000 after purchasing an additional 2,215,832 shares in the last quarter. 8 Knots Management LLC acquired a new position in Select Medical in the 2nd quarter worth $26,568,000. Millennium Management LLC boosted its position in Select Medical by 407.9% in the 3rd quarter. Millennium Management LLC now owns 1,590,339 shares of the health services provider’s stock valued at $20,420,000 after buying an additional 1,277,233 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Select Medical during the fourth quarter valued at about $17,603,000. Finally, Western Standard LLC increased its position in shares of Select Medical by 95.6% during the fourth quarter. Western Standard LLC now owns 2,064,021 shares of the health services provider’s stock worth $30,651,000 after acquiring an additional 1,008,664 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Stock Performance

NYSE:SEM opened at $16.51 on Monday. The company has a market cap of $2.05 billion, a PE ratio of 15.58, a P/E/G ratio of 0.95 and a beta of 1.01. The business’s 50 day moving average is $16.54 and its two-hundred day moving average is $16.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.88. Select Medical Holdings Corporation has a 52 week low of $11.65 and a 52 week high of $16.99.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, April 30th. The health services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). Select Medical had a net margin of 2.42% and a return on equity of 6.62%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $0.44 earnings per share. Select Medical’s revenue was up 5.0% compared to the same quarter last year. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. On average, analysts predict that Select Medical Holdings Corporation will post 1.26 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Select Medical’s dividend payout ratio is 23.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research upgraded Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Mizuho reissued a “neutral” rating and set a $16.50 price target (down from $17.00) on shares of Select Medical in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Select Medical currently has an average rating of “Hold” and an average target price of $15.50.

About Select Medical

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.