Dimensional Fund Advisors LP Grows Holdings in Select Medical Holdings Corporation $SEM

Dimensional Fund Advisors LP increased its stake in shares of Select Medical Holdings Corporation (NYSE:SEM) by 3.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,536,331 shares of the health services provider’s stock after buying an additional 202,736 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Select Medical were worth $90,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in SEM. Hsbc Holdings PLC increased 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 acquiring an additional 2,215,832 shares during the last quarter. 8 Knots Management LLC purchased a new position in Select Medical during the 2nd quarter valued at about $26,568,000. Millennium Management LLC grew its position in Select Medical by 407.9% during 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 purchasing an additional 1,277,233 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Select Medical during the fourth quarter valued at approximately $17,603,000. Finally, Western Standard LLC grew its position in 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 valued at $30,651,000 after buying an additional 1,008,664 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

SEM stock opened at $16.51 on Thursday. The firm’s 50 day moving average price is $16.54 and its 200-day moving average price is $16.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.15. Select Medical Holdings Corporation has a one year low of $11.65 and a one year high of $16.99. The firm has a market cap of $2.05 billion, a PE ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

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

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.