First Eagle Investment Management LLC Purchases 64,700 Shares of Select Medical Holdings Co. (NYSE:SEM)

First Eagle Investment Management LLC grew its position in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,359 shares of the health services provider's stock after acquiring an additional 64,700 shares during the quarter. First Eagle Investment Management LLC owned 0.28% of Select Medical worth $6,906,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SEM. Geode Capital Management LLC raised its stake in shares of 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 worth $85,180,000 after purchasing an additional 46,880 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Select Medical by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider's stock worth $45,310,000 after purchasing an additional 45,685 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Select Medical by 144.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider's stock valued at $71,825,000 after acquiring an additional 1,216,263 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Select Medical by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,656,320 shares of the health services provider's stock valued at $31,222,000 after acquiring an additional 10,000 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Select Medical by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider's stock valued at $41,184,000 after acquiring an additional 7,372 shares during the period. Institutional investors and hedge funds own 89.48% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

SEM has been the topic of a number of research analyst reports. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. UBS Group lowered their price objective on Select Medical from $40.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada lowered their price objective on Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Benchmark upgraded Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Select Medical currently has an average rating of "Moderate Buy" and a consensus target price of $27.25.

Select Medical Price Performance

Shares of SEM traded down $0.14 during trading hours on Thursday, hitting $16.85. 840,266 shares of the company were exchanged, compared to its average volume of 746,498. The firm's fifty day moving average is $18.66 and its 200 day moving average is $25.89. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.64 and a beta of 1.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a fifty-two week low of $16.20 and a fifty-two week high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last released 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a net margin of 3.23% and a return on equity of 14.04%. On average, equities analysts anticipate 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 1.48%. 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.