Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lessened its holdings in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,245 shares of the health services provider's stock after selling 70,796 shares during the quarter. Huber Capital Management LLC's holdings in Select Medical were worth $740,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SEM. JPMorgan Chase & Co. grew its position 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 worth $14,516,000 after purchasing an additional 36,905 shares during the last quarter. Argent Capital Management LLC grew its holdings in shares of Select Medical by 79.8% during the fourth quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider's stock valued at $1,039,000 after buying an additional 24,471 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Select Medical by 2.0% in 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 acquiring an additional 46,880 shares during the period. Sanctuary Advisors LLC raised its stake in Select Medical by 122.8% in 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 during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Select Medical by 144.2% during the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider's stock worth $71,825,000 after purchasing an additional 1,216,263 shares during the period. Hedge funds and other institutional investors own 89.48% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Benchmark upgraded shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Monday, February 24th. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. UBS Group decreased their price objective 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. Finally, Royal Bank of Canada lowered their price target on Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.25.

Select Medical Stock Up 1.3 %

NYSE:SEM traded up $0.21 during mid-day trading on Tuesday, hitting $15.87. The stock had a trading volume of 186,845 shares, compared to its average volume of 955,308. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a 50-day simple moving average of $17.99 and a two-hundred day simple moving average of $24.16. The company has a market capitalization of $2.05 billion, a PE ratio of 9.62, a PEG ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a twelve month low of $14.98 and a twelve month high of $40.98.

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

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, March 3rd. Select Medical's dividend payout ratio (DPR) is presently 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.