24,037 Shares in Select Medical Holdings Co. (NYSE:SEM) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in Select Medical Holdings Co. (NYSE:SEM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,037 shares of the health services provider's stock, valued at approximately $453,000.

Several other hedge funds have also modified their holdings of SEM. Point72 Asset Management L.P. boosted its holdings in Select Medical by 144.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider's stock valued at $71,825,000 after acquiring an additional 1,216,263 shares during the period. Empowered Funds LLC purchased a new position in shares of Select Medical during the fourth quarter worth approximately $5,903,000. Raymond James Financial Inc. purchased a new stake in shares of Select Medical in the fourth quarter valued at approximately $5,858,000. Loomis Sayles & Co. L P bought a new position in Select Medical in the third quarter worth approximately $9,710,000. Finally, Barclays PLC increased its holdings in Select Medical by 396.0% during the 3rd quarter. Barclays PLC now owns 192,357 shares of the health services provider's stock worth $6,707,000 after purchasing an additional 153,576 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Select Medical Stock Performance

Shares of Select Medical stock traded down $0.22 on Friday, hitting $16.81. The stock had a trading volume of 465,656 shares, compared to its average volume of 791,060. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.64 and a beta of 1.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a 52-week low of $16.20 and a 52-week high of $40.98. The company's 50 day moving average price is $18.38 and its 200 day moving average price is $25.02.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a net margin of 3.23% and a return on equity of 14.04%. On average, research analysts anticipate that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

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

Select Medical 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.