Kingsview Wealth Management LLC Invests $1.93 Million in Select Medical Holdings Co. (NYSE:SEM)

Kingsview Wealth Management LLC bought a new position in Select Medical Holdings Co. (NYSE:SEM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 55,262 shares of the health services provider's stock, valued at approximately $1,927,000.

A number of other large investors have also bought and sold shares of SEM. Vanguard Group Inc. increased its position in Select Medical by 5.3% in the first quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider's stock worth $391,886,000 after buying an additional 650,093 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Select Medical by 12.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 20,269 shares of the health services provider's stock worth $611,000 after buying an additional 2,313 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Select Medical by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 98,657 shares of the health services provider's stock worth $2,972,000 after buying an additional 3,594 shares during the period. BOKF NA bought a new position in Select Medical in the first quarter worth $262,000. Finally, Tidal Investments LLC bought a new stake in shares of Select Medical in the 1st quarter worth approximately $467,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Trading Up 0.7 %

Shares of NYSE:SEM traded up $0.15 during trading on Tuesday, reaching $20.99. The company's stock had a trading volume of 1,137,282 shares, compared to its average volume of 617,573. The stock has a market capitalization of $2.72 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. The firm's 50 day simple moving average is $35.26 and its two-hundred day simple moving average is $35.09. Select Medical Holdings Co. has a 12 month low of $20.17 and a 12 month high of $40.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

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

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.38%. Select Medical's dividend payout ratio (DPR) is 23.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America began coverage on Select Medical in a research report on Tuesday, August 20th. They set a "buy" rating and a $42.00 price objective on the stock. StockNews.com lowered shares of Select Medical from a "buy" rating to a "hold" rating in a research note on Thursday, November 21st. Benchmark downgraded shares of Select Medical from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Royal Bank of Canada lifted their target price 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Select Medical presently has an average rating of "Hold" and an average target price of $40.75.

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.