Select Medical Holdings Co. (NYSE:SEM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 492,383 shares of the health services provider's stock after acquiring an additional 76,084 shares during the quarter. JPMorgan Chase & Co. owned about 0.38% of Select Medical worth $9,281,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in shares of Select Medical in the fourth quarter valued at $453,000. Segall Bryant & Hamill LLC lifted its stake in shares of Select Medical by 7.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 85,099 shares of the health services provider's stock worth $1,604,000 after acquiring an additional 5,756 shares during the last quarter. Prudential Financial Inc. grew its position in Select Medical by 2.4% in the 4th quarter. Prudential Financial Inc. now owns 111,920 shares of the health services provider's stock valued at $2,110,000 after acquiring an additional 2,582 shares during the last quarter. Vanguard Group Inc. increased its stake in Select Medical by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider's stock worth $239,640,000 after purchasing an additional 131,228 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Select Medical by 2.0% during the fourth quarter. LPL Financial LLC now owns 31,441 shares of the health services provider's stock valued at $593,000 after purchasing an additional 619 shares during the period. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEM has been the topic of several recent research reports. Benchmark raised Select Medical from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research report on Monday, February 24th. Royal Bank of Canada dropped their target price on shares of Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a research report 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. UBS Group decreased their price objective on Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Finally, StockNews.com raised shares of Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Select Medical presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.80.

Select Medical Trading Up 0.1 %

NYSE:SEM traded up $0.02 on Friday, reaching $16.35. 520,861 shares of the company's stock were exchanged, 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 52-week low of $14.99 and a 52-week high of $40.98. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. The business has a fifty day moving average of $17.27 and a 200-day moving average of $22.98.

Select Medical (NYSE:SEM - Get Free Report) last released its quarterly 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 firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.50 billion. As a group, analysts expect that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.0625 per share. 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%.

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.