Moran Wealth Management LLC Invests $2.21 Million in Select Medical Holdings Co. (NYSE:SEM)

Moran Wealth Management LLC acquired a new stake in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,068 shares of the health services provider's stock, valued at approximately $2,207,000. Moran Wealth Management LLC owned 0.09% of Select Medical as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Select Medical by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider's stock valued at $85,180,000 after purchasing an additional 46,880 shares during the period. Principal Financial Group Inc. increased its position in shares of Select Medical by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider's stock valued at $45,310,000 after buying an additional 45,685 shares during the period. Point72 Asset Management L.P. raised its stake in Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider's stock worth $71,825,000 after buying an additional 1,216,263 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Select Medical by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,656,320 shares of the health services provider's stock valued at $31,222,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Select Medical by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider's stock valued at $41,184,000 after buying an additional 7,372 shares in the last quarter. Institutional investors own 89.48% of the company's stock.

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Analyst Ratings Changes

Several research firms recently weighed in on SEM. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada cut their target price on shares of Select Medical from $47.00 to $23.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Benchmark raised shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a report on Monday, February 24th. Finally, UBS Group cut their price objective on Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $27.25.

Select Medical Price Performance

SEM stock traded up $0.21 during mid-day trading on Friday, hitting $16.79. The company had a trading volume of 1,079,619 shares, compared to its average volume of 744,984. Select Medical Holdings Co. has a 12-month low of $16.20 and a 12-month high of $40.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $18.76 and a 200 day moving average price of $26.35. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 0.64 and a beta of 1.56.

Select Medical (NYSE:SEM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, research analysts anticipate that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical's dividend payout ratio is currently 15.15%.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.