Select Medical Holdings Co. (NYSE:SEM) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,033 shares of the health services provider's stock after acquiring an additional 21,771 shares during the quarter. Envestnet Asset Management Inc. owned 0.28% of Select Medical worth $6,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Select Medical by 9.7% in 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 in the last quarter. Argent Capital Management LLC boosted its position in shares of 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 worth $1,039,000 after acquiring an additional 24,471 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Select Medical by 1,309.5% in the 4th quarter. American Century Companies Inc. now owns 137,169 shares of the health services provider's stock valued at $2,586,000 after acquiring an additional 127,437 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Select Medical by 122.8% during the 4th quarter. Sanctuary Advisors LLC now owns 52,175 shares of the health services provider's stock worth $1,035,000 after acquiring an additional 28,759 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Select Medical by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider's stock valued at $239,640,000 after purchasing an additional 131,228 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark upgraded shares of 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. Mizuho initiated coverage on shares of Select Medical in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $25.00 price target for the company. StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada reduced their target price 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, UBS Group dropped their price target on Select Medical from $40.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.80.

Select Medical Stock Performance

Shares of SEM traded up $0.92 during mid-day trading on Friday, hitting $17.50. 415,753 shares of the company's stock were exchanged, compared to its average volume of 818,382. The firm has a market capitalization of $2.26 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a fifty-two week low of $14.99 and a fifty-two week high of $40.98. The business's 50 day moving average is $17.07 and its two-hundred day moving average is $22.50. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

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

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 3rd. Select Medical's dividend payout ratio (DPR) is presently 15.15%.

Select Medical 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.