American Century Companies Inc. Purchases 127,437 Shares of Select Medical Holdings Co. (NYSE:SEM)

American Century Companies Inc. increased its stake in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 1,309.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,169 shares of the health services provider's stock after buying an additional 127,437 shares during the quarter. American Century Companies Inc. owned about 0.11% of Select Medical worth $2,586,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SEM. BNP Paribas Financial Markets lifted its position in shares of Select Medical by 141.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,720 shares of the health services provider's stock valued at $932,000 after acquiring an additional 15,635 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Select Medical by 14.7% during the third quarter. Janus Henderson Group PLC now owns 54,021 shares of the health services provider's stock worth $1,883,000 after purchasing an additional 6,922 shares during the last quarter. Quarry LP acquired a new position in shares of Select Medical during the 3rd quarter valued at about $30,000. Jane Street Group LLC raised its stake in Select Medical by 14.2% during the third quarter. Jane Street Group LLC now owns 127,504 shares of the health services provider's stock worth $4,446,000 after purchasing an additional 15,827 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Select Medical in the 3rd quarter worth $580,000. Institutional investors and hedge funds own 89.48% of the company's stock.

Select Medical Stock Up 0.1 %

Shares of SEM traded up $0.02 during trading hours on Friday, reaching $16.44. The company's stock had a trading volume of 785,932 shares, compared to its average volume of 810,515. Select Medical Holdings Co. has a 1-year low of $14.99 and a 1-year 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 firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 0.64 and a beta of 1.38. The company has a 50 day moving average of $17.56 and a two-hundred day moving average of $23.53.

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

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.52%. Select Medical's dividend payout ratio (DPR) is presently 15.15%.

Analysts Set New Price Targets

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

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.