Healthcare of Ontario Pension Plan Trust Fund Makes New $4.89 Million Investment in Select Medical Holdings Corporation $SEM

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Select Medical Holdings Corporation (NYSE:SEM) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 300,000 shares of the health services provider’s stock, valued at approximately $4,887,000.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SEM. Mizuho reissued a “neutral” rating and set a $16.50 target price (down from $17.00) on shares of Select Medical in a research note on Tuesday, May 12th. Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Zacks Research upgraded Select Medical from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.50.

Select Medical Stock Performance

Shares of SEM stock opened at $16.51 on Thursday. Select Medical Holdings Corporation has a fifty-two week low of $11.65 and a fifty-two week high of $16.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average is $16.54 and its two-hundred day moving average is $16.17. The firm has a market capitalization of $2.05 billion, a P/E ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, April 30th. The health services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Select Medical had a return on equity of 6.62% and a net margin of 2.42%.Select Medical’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. Research analysts expect that Select Medical Holdings Corporation will post 1.26 earnings per share for the current fiscal year.

Select Medical 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.