17,921 Shares in Select Medical Holdings Co. (NYSE:SEM) Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,921 shares of the health services provider's stock, valued at approximately $625,000.

Other hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in shares of Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider's stock worth $27,000 after purchasing an additional 645 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Select Medical in the second quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new position in shares of Select Medical during the second quarter worth about $39,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Select Medical in the second quarter worth approximately $60,000. Finally, GAMMA Investing LLC boosted its holdings in Select Medical by 52.8% in the second quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider's stock valued at $70,000 after acquiring an additional 685 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SEM. Royal Bank of Canada boosted their price target on shares of Select Medical from $40.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. StockNews.com cut shares of Select Medical from a "buy" rating to a "hold" rating in a research report on Thursday. Bank of America started coverage on Select Medical in a research report on Tuesday, August 20th. They issued a "buy" rating and a $42.00 price objective for the company. Finally, Benchmark restated a "buy" rating and set a $48.00 target price on shares of Select Medical in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Select Medical presently has an average rating of "Moderate Buy" and an average target price of $40.75.

Select Medical Stock Up 1.5 %

Shares of NYSE SEM traded up $0.60 during trading on Friday, hitting $39.67. 1,011,826 shares of the company traded hands, compared to its average volume of 765,580. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.75 and a beta of 1.42. The business's fifty day moving average is $35.19 and its 200 day moving average is $35.03. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical Holdings Co. has a fifty-two week low of $22.26 and a fifty-two week high of $40.98.

Select Medical (NYSE:SEM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Equities research analysts predict that Select Medical Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.26%. Select Medical's dividend payout ratio (DPR) is currently 23.36%.

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.