LMR Partners LLP Invests $6.14 Million in Select Medical Holdings Co. (NYSE:SEM)

LMR Partners LLP purchased a new stake in shares of 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 purchased 176,061 shares of the health services provider's stock, valued at approximately $6,139,000. LMR Partners LLP owned about 0.14% of Select Medical at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SEM. Vanguard Group Inc. raised its position in Select Medical by 5.3% during the first quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider's stock valued at $391,886,000 after purchasing an additional 650,093 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Select Medical by 179.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider's stock valued at $29,574,000 after buying an additional 541,728 shares in the last quarter. Millennium Management LLC lifted its position in Select Medical by 183.9% in the 2nd quarter. Millennium Management LLC now owns 679,522 shares of the health services provider's stock worth $23,824,000 after buying an additional 440,140 shares during the last quarter. Hood River Capital Management LLC bought a new position in Select Medical during the second quarter valued at approximately $14,819,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Select Medical during the second quarter worth approximately $11,456,000. Hedge funds and other institutional investors own 89.48% of the company's stock.

Select Medical Trading Up 1.1 %

SEM traded up $0.41 during midday trading on Tuesday, reaching $37.01. 473,003 shares of the company's stock traded hands, compared to its average volume of 608,821. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.95 and a beta of 1.42. Select Medical Holdings Co. has a 52 week low of $22.26 and a 52 week high of $40.98. The firm has a fifty day moving average of $34.87 and a two-hundred day moving average of $34.88. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

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

Select Medical Dividend Announcement

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 issued 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 dividend yield of 1.35%. Select Medical's dividend payout ratio (DPR) is 23.36%.

Wall Street Analysts Forecast Growth

SEM has been the topic of several recent research reports. StockNews.com raised shares of Select Medical from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Bank of America started coverage on Select Medical in a report on Tuesday, August 20th. They issued a "buy" rating and a $42.00 price objective on the stock. Royal Bank of Canada raised their price target on Select Medical from $40.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Finally, Benchmark reiterated a "buy" rating and issued a $48.00 price objective on shares of Select Medical in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" 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.