Kingsview Wealth Management LLC Acquires 51,361 Shares of Select Medical Holdings Co. (NYSE:SEM)

Kingsview Wealth Management LLC grew its holdings in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 92.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 106,623 shares of the health services provider's stock after acquiring an additional 51,361 shares during the quarter. Kingsview Wealth Management LLC owned about 0.08% of Select Medical worth $2,010,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SEM. AQR Capital Management LLC lifted its holdings in shares of Select Medical by 17.9% in the second quarter. AQR Capital Management LLC now owns 10,910 shares of the health services provider's stock valued at $383,000 after buying an additional 1,656 shares during the period. Creative Planning lifted its holdings in shares of Select Medical by 32.0% in the second quarter. Creative Planning now owns 15,776 shares of the health services provider's stock valued at $553,000 after buying an additional 3,824 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Select Medical by 16.0% during the third quarter. Handelsbanken Fonder AB now owns 19,611 shares of the health services provider's stock valued at $684,000 after purchasing an additional 2,700 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Select Medical by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider's stock valued at $81,000 after purchasing an additional 330 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Select Medical by 18.6% during the third quarter. Inspire Investing LLC now owns 11,903 shares of the health services provider's stock valued at $415,000 after purchasing an additional 1,864 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company's stock.

Select Medical Stock Down 0.9 %

NYSE:SEM traded down $0.17 during trading hours on Friday, hitting $18.58. 492,206 shares of the company's stock traded hands, compared to its average volume of 792,660. The firm has a market cap of $2.41 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.65 and a beta of 1.45. Select Medical Holdings Co. has a twelve month low of $18.02 and a twelve month high of $40.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The stock's fifty day moving average price is $19.22 and its two-hundred day moving average price is $28.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com downgraded Select Medical from a "buy" rating to a "hold" rating in a report on Thursday. UBS Group reduced their target price on Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Benchmark downgraded Select Medical from a "buy" rating to a "hold" rating in a report on Monday, November 25th. Finally, Royal Bank of Canada upped their price target on Select Medical from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Select Medical presently has an average rating of "Hold" and a consensus target price of $39.50.

Insiders Place Their Bets

In other Select Medical news, Director Marilyn B. Tavenner sold 32,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total value of $674,880.00. Following the transaction, the director now directly owns 22,000 shares of the company's stock, valued at $463,980. This represents a 59.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert G. Breighner, Jr. sold 4,989 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $19.95, for a total value of $99,530.55. Following the completion of the transaction, the vice president now directly owns 30,356 shares in the company, valued at approximately $605,602.20. The trade was a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.14% of the company's stock.

Select Medical Company 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.