Select Medical Holdings Co. (NYSE:SEM) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 48.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,643,943 shares of the health services provider's stock after purchasing an additional 864,852 shares during the quarter. Invesco Ltd. owned 2.04% of Select Medical worth $49,838,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock worth $43,000 after purchasing an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Select Medical in the 3rd quarter worth about $81,000. Cibc World Markets Corp purchased a new stake in Select Medical in the 4th quarter valued at about $191,000. Vista Finance LLC bought a new position in shares of Select Medical during the 4th quarter worth $193,000. Finally, Vestcor Inc lifted its holdings in Select Medical by 16.7% during the fourth quarter. Vestcor Inc now owns 11,055 shares of the health services provider's stock worth $208,000 after buying an additional 1,580 shares during the period. Institutional investors own 89.48% of the company's stock.

Analysts Set New Price Targets

SEM has been the topic of a number of research analyst reports. 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. StockNews.com raised shares of Select Medical from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada dropped 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. Mizuho initiated coverage on shares of Select Medical in a report on Wednesday. They issued an "outperform" rating and a $25.00 price target on the stock. Finally, Benchmark raised shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.80.

Select Medical Price Performance

Shares of NYSE:SEM traded up $0.02 during trading on Friday, reaching $16.35. 520,861 shares of the company's stock traded hands, compared to its average volume of 816,068. 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 $14.99 and a fifty-two week high of $40.98. The company has a 50-day simple moving average of $17.32 and a 200-day simple moving average of $23.10. The firm has a market cap of $2.11 billion, a PE ratio of 9.91, a P/E/G ratio of 0.64 and a beta of 1.38.

Select Medical (NYSE:SEM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.50 billion. As a group, analysts predict that Select Medical Holdings Co. will post 1.17 earnings per share for the current 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 issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical's dividend payout ratio 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.