Loomis Sayles & Co. L P Invests $9.71 Million in Select Medical Holdings Co. (NYSE:SEM)

Loomis Sayles & Co. L P bought a new stake in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 278,469 shares of the health services provider's stock, valued at approximately $9,710,000. Loomis Sayles & Co. L P owned approximately 0.22% of Select Medical at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SEM. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Select Medical in the third quarter worth about $1,592,000. Larson Financial Group LLC boosted its holdings in Select Medical by 11.9% in the 3rd quarter. Larson Financial Group LLC now owns 89,611 shares of the health services provider's stock worth $3,125,000 after acquiring an additional 9,541 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Select Medical in the third quarter valued at approximately $1,927,000. Cerity Partners LLC lifted its position in shares of Select Medical by 4.8% during the third quarter. Cerity Partners LLC now owns 62,434 shares of the health services provider's stock worth $2,177,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Select Medical by 85.3% in the third quarter. Citigroup Inc. now owns 140,703 shares of the health services provider's stock valued at $4,906,000 after purchasing an additional 64,751 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SEM shares. Benchmark lowered shares of Select Medical from a "buy" rating to a "hold" rating in a report on Monday. StockNews.com downgraded Select Medical from a "buy" rating to a "hold" rating in a report on Thursday, November 21st. Bank of America assumed coverage on Select Medical in a report on Tuesday, August 20th. They set a "buy" rating and a $42.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on Select Medical from $40.00 to $47.00 and gave the company an "outperform" rating in a research note 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. According to MarketBeat, Select Medical currently has an average rating of "Hold" and an average price target of $40.75.

Select Medical Stock Down 4.6 %

Select Medical stock traded down $0.99 during midday trading on Thursday, hitting $20.35. The stock had a trading volume of 2,540,310 shares, compared to its average volume of 631,842. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average price of $34.69 and a 200 day moving average price of $34.90. Select Medical Holdings Co. has a 12 month low of $20.00 and a 12 month high of $40.98. The stock has a market cap of $2.63 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.73 and a beta of 1.42.

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

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.46%. Select Medical's dividend payout ratio (DPR) is 23.36%.

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.