Dynamic Technology Lab Private Ltd acquired a new stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 45,650 shares of the health services provider's stock, valued at approximately $1,592,000.
Other hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC increased 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 during the last quarter. Transcendent Capital Group LLC acquired a new position in Select Medical during the second quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new position in shares of Select Medical in the second quarter valued at approximately $39,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Select Medical in the second quarter worth $60,000. Finally, GAMMA Investing LLC grew its stake 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. 89.48% of the stock is owned by institutional investors and hedge funds.
Select Medical Price Performance
Shares of SEM traded down $17.38 during trading hours on Tuesday, hitting $21.32. The stock had a trading volume of 2,438,137 shares, compared to its average volume of 623,505. Select Medical Holdings Co. has a 52 week low of $20.17 and a 52 week high of $40.98. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.78 and a beta of 1.42. The company's fifty day moving average is $35.26 and its two-hundred day moving average is $35.09. 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 earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. Select Medical's quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current year.
Select Medical Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.35%. Select Medical's dividend payout ratio is 23.36%.
Wall Street Analyst Weigh In
SEM has been the subject of a number of research analyst reports. Benchmark lowered shares of Select Medical from a "buy" rating to a "hold" rating in a research report on Monday. StockNews.com downgraded shares of Select Medical from a "buy" rating to a "hold" rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price objective on shares of Select Medical from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. 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 target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $40.75.
View Our Latest Analysis on SEM
Select Medical Profile
(
Free Report)
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.
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