Raymond James Financial Inc. Makes New $5.86 Million Investment in Select Medical Holdings Co. (NYSE:SEM)

Raymond James Financial Inc. acquired a new stake in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 310,793 shares of the health services provider's stock, valued at approximately $5,858,000. Raymond James Financial Inc. owned about 0.24% of Select Medical as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Select Medical during the 3rd quarter worth $30,000. Smartleaf Asset Management LLC lifted its position in shares of Select Medical by 179.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock worth $43,000 after purchasing an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Select Medical during the third quarter valued at approximately $81,000. Virtu Financial LLC purchased a new position in Select Medical during the third quarter valued at approximately $210,000. Finally, Quantbot Technologies LP bought a new position in Select Medical in the third quarter worth approximately $232,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Trading Down 1.3 %

Shares of SEM traded down $0.22 during mid-day trading on Friday, reaching $16.81. The stock had a trading volume of 465,656 shares, compared to its average volume of 789,755. The firm 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. Select Medical Holdings Co. has a 52-week low of $16.20 and a 52-week high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The business's fifty day moving average is $18.43 and its 200 day moving average is $25.19.

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

Select Medical Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.