Amundi Has $985,000 Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Amundi raised its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 183.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,612 shares of the health services provider's stock after purchasing an additional 34,071 shares during the quarter. Amundi's holdings in Select Medical were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Select Medical during the 3rd quarter worth about $30,000. Smartleaf Asset Management LLC increased its stake in shares of Select Medical by 179.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock valued at $43,000 after acquiring an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Select Medical during the third quarter worth approximately $81,000. Vista Finance LLC bought a new position in Select Medical during the 4th quarter valued at $193,000. Finally, Virtu Financial LLC bought a new position in Select Medical during the 3rd quarter valued at $210,000. Institutional investors own 89.48% of the company's stock.

Analyst Upgrades and Downgrades

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

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Select Medical Trading Down 1.7 %

NYSE SEM traded down $0.28 on Friday, hitting $16.55. 2,448,652 shares of the company were exchanged, compared to its average volume of 757,452. Select Medical Holdings Co. has a twelve month low of $16.20 and a twelve month high of $40.98. The company's 50 day moving average price is $18.59 and its 200-day moving average price is $25.62. The firm has a market capitalization of $2.13 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

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 for the quarter, compared to analysts' expectations of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. Analysts predict that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, March 3rd. Select Medical's dividend payout ratio is currently 15.15%.

About Select Medical

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.