South Dakota Investment Council Trims Holdings in Select Medical Holdings Corporation $SEM

South Dakota Investment Council decreased its stake in shares of Select Medical Holdings Corporation (NYSE:SEM) by 46.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 44,556 shares of the health services provider’s stock after selling 38,900 shares during the period. South Dakota Investment Council’s holdings in Select Medical were worth $726,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Select Medical by 4.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,606,269 shares of the health services provider’s stock worth $246,604,000 after buying an additional 684,695 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Select Medical by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,536,331 shares of the health services provider’s stock valued at $90,188,000 after acquiring an additional 202,736 shares in the last quarter. State Street Corp increased its holdings in Select Medical by 1.3% during the 2nd quarter. State Street Corp now owns 4,253,793 shares of the health services provider’s stock worth $64,573,000 after acquiring an additional 55,686 shares during the period. Hsbc Holdings PLC lifted its stake in Select Medical by 7,554.6% in the 1st quarter. Hsbc Holdings PLC now owns 2,245,163 shares of the health services provider’s stock worth $36,596,000 after purchasing an additional 2,215,832 shares in the last quarter. Finally, Western Standard LLC lifted its stake in Select Medical by 95.6% in the 4th quarter. Western Standard LLC now owns 2,064,021 shares of the health services provider’s stock worth $30,651,000 after purchasing an additional 1,008,664 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Performance

NYSE SEM opened at $16.51 on Friday. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-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 company has a market capitalization of $2.05 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.95 and a beta of 1.01. The company has a fifty day moving average of $16.54 and a 200-day moving average of $16.18.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, April 30th. The health services provider reported $0.36 EPS 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 period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Select Medical Holdings Corporation will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.