Dana Investment Advisors Inc. Sells 16,238 Shares of Select Medical Holdings Co. (NYSE:SEM)

Dana Investment Advisors Inc. cut its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,615 shares of the health services provider's stock after selling 16,238 shares during the quarter. Dana Investment Advisors Inc. owned about 0.22% of Select Medical worth $5,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC bought a new position in shares of Select Medical in the third quarter valued at $1,927,000. JPMorgan Chase & Co. lifted its holdings in Select Medical by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 416,299 shares of the health services provider's stock valued at $14,516,000 after purchasing an additional 36,905 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Select Medical during the 3rd quarter valued at $1,592,000. Argent Capital Management LLC lifted its holdings in Select Medical by 79.8% during the 4th quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider's stock valued at $1,039,000 after purchasing an additional 24,471 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Select Medical by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider's stock valued at $85,180,000 after purchasing an additional 46,880 shares during the last quarter. 89.48% of the stock is owned by institutional investors.

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Select Medical Stock Performance

Shares of SEM traded down $0.25 during midday trading on Friday, reaching $17.92. 893,575 shares of the stock were exchanged, compared to its average volume of 733,532. Select Medical Holdings Co. has a twelve month low of $16.20 and a twelve month 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 company has a market cap of $2.31 billion, a P/E ratio of 10.86, a PEG ratio of 0.64 and a beta of 1.56. The stock's 50 day simple moving average is $18.94 and its 200 day simple moving average is $26.92.

Select Medical (NYSE:SEM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, sell-side analysts expect that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Monday, March 3rd. Select Medical's payout ratio is currently 15.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Benchmark raised Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a report on Monday, February 24th. UBS Group cut 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. Royal Bank of Canada cut their price target on Select Medical from $47.00 to $23.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.