Citigroup Inc. Purchases 64,751 Shares of Select Medical Holdings Co. (NYSE:SEM)

Citigroup Inc. lifted its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 85.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 140,703 shares of the health services provider's stock after acquiring an additional 64,751 shares during the quarter. Citigroup Inc. owned approximately 0.11% of Select Medical worth $4,906,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Hexagon Capital Partners LLC grew its holdings in shares of Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider's stock valued at $27,000 after acquiring an additional 645 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Select Medical in the 2nd quarter valued at $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Select Medical during the 2nd quarter worth about $39,000. DekaBank Deutsche Girozentrale bought a new stake in Select Medical during the 2nd quarter valued at approximately $60,000. Finally, GAMMA Investing LLC grew its holdings in Select Medical by 52.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider's stock valued at $70,000 after buying an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company's stock.

Select Medical Price Performance

Shares of SEM traded down $0.45 during mid-day trading on Tuesday, hitting $20.59. 1,936,510 shares of the company traded hands, compared to its average volume of 659,362. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.47 and a beta of 1.43. The business has a 50-day moving average of $33.53 and a 200 day moving average of $34.53. Select Medical Holdings Co. has a one year low of $20.00 and a one year high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last released its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the firm earned $0.46 EPS. The business's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts expect that Select Medical Holdings Co. will post 1.74 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical's dividend payout ratio is 23.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SEM shares. Benchmark cut Select Medical from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. Royal Bank of Canada lifted their target price on Select Medical from $40.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. StockNews.com upgraded shares of Select Medical from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Bank of America assumed coverage on Select Medical in a research note on Tuesday, August 20th. They set a "buy" rating and a $42.00 price objective for the company.

Insider Buying and Selling

In related news, Director Marilyn B. Tavenner sold 32,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total value of $674,880.00. Following the completion of the sale, the director now owns 22,000 shares in the company, valued at approximately $463,980. This represents a 59.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 17.50% of the stock is currently owned by insiders.

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.