KLP Kapitalforvaltning AS Takes $454,000 Position in Select Medical Holdings Co. (NYSE:SEM)

KLP Kapitalforvaltning AS bought a new stake in Select Medical Holdings Co. (NYSE:SEM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 24,100 shares of the health services provider's stock, valued at approximately $454,000.

Several other hedge funds also recently modified their holdings of SEM. Quarry LP purchased a new position in Select Medical during the third quarter worth about $30,000. Smartleaf Asset Management LLC lifted its holdings in shares of Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock worth $43,000 after acquiring an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Select Medical in the third quarter valued at approximately $81,000. Virtu Financial LLC acquired a new position in shares of Select Medical in the 3rd quarter valued at $210,000. Finally, Tidal Investments LLC purchased a new stake in shares of Select Medical during the 3rd quarter valued at $286,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SEM. 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 lowered their price target on shares of Select Medical from $47.00 to $23.00 and set an "outperform" rating for the company in a report on Monday, February 24th. StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group decreased their price target on shares of Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.25.

Select Medical Stock Performance

Shares of NYSE SEM traded up $1.25 during trading on Wednesday, reaching $17.00. The stock had a trading volume of 925,618 shares, compared to its average volume of 809,184. 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 has a market cap of $2.19 billion, a PE ratio of 10.30, a P/E/G ratio of 0.64 and a beta of 1.38. Select Medical Holdings Co. has a one year low of $12.60 and a one year high of $40.98. The firm's 50 day moving average price is $17.71 and its two-hundred day moving average price is $23.79.

Select Medical (NYSE:SEM - Get Free Report) last released its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, research analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.47%. Select Medical's payout ratio is 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.