Geode Capital Management LLC Sells 17,813 Shares of Select Medical Holdings Co. (NYSE:SEM)

Geode Capital Management LLC decreased its stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,424,508 shares of the health services provider's stock after selling 17,813 shares during the period. Geode Capital Management LLC owned approximately 1.87% of Select Medical worth $45,713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SEM. Smartleaf Asset Management LLC boosted its stake in shares of Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock worth $43,000 after acquiring an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Select Medical during the third quarter worth $81,000. Cibc World Markets Corp acquired a new stake in Select Medical in the fourth quarter valued at $191,000. Vista Finance LLC acquired a new position in shares of Select Medical during the 4th quarter worth $193,000. Finally, Vestcor Inc grew its stake in Select Medical by 16.7% in the 4th quarter. Vestcor Inc now owns 11,055 shares of the health services provider's stock valued at $208,000 after acquiring an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SEM. Mizuho assumed coverage on Select Medical in a research note on Wednesday. They issued an "outperform" rating and a $25.00 target price on the stock. UBS Group cut their price target on shares of Select Medical from $40.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Benchmark raised Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a report on Monday, February 24th. Finally, Royal Bank of Canada dropped their target price 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.80.

Select Medical Stock Up 0.1 %

Select Medical stock traded up $0.02 during mid-day trading on Friday, hitting $16.35. The company's stock had a trading volume of 520,861 shares, compared to its average volume of 815,009. The company has a market cap of $2.11 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a 52-week low of $14.99 and a 52-week high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The firm's 50 day moving average is $17.32 and its 200 day moving average is $23.10.

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 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 analysts' expectations of $1.50 billion. On average, analysts anticipate that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.53%. Select Medical's dividend payout ratio is currently 15.15%.

About Select Medical

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.