New Age Alpha Advisors LLC Invests $342,000 in Select Medical Holdings Co. (NYSE:SEM)

New Age Alpha Advisors LLC purchased a new stake in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,119 shares of the health services provider's stock, valued at approximately $342,000.

Several other large investors have also made changes to their positions in SEM. Vanguard Group Inc. raised its stake in Select Medical by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider's stock valued at $239,640,000 after purchasing an additional 131,228 shares during the period. Geode Capital Management LLC raised its position in shares of Select Medical by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider's stock valued at $85,180,000 after buying an additional 46,880 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Select Medical by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider's stock worth $45,310,000 after buying an additional 45,685 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Select Medical by 144.2% during the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider's stock worth $71,825,000 after acquiring an additional 1,216,263 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Select Medical by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,656,320 shares of the health services provider's stock valued at $31,222,000 after acquiring an additional 10,000 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on SEM. StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. UBS Group cut their target price on shares of Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Royal Bank of Canada decreased their price target on shares of Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, Benchmark raised shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Select Medical has a consensus rating of "Moderate Buy" and a consensus target price of $27.25.

Select Medical Trading Down 3.0 %

NYSE SEM traded down $0.50 on Thursday, hitting $16.18. 1,178,372 shares of the stock were exchanged, compared to its average volume of 798,281. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical Holdings Co. has a 52-week low of $15.92 and a 52-week high of $40.98. The firm has a market capitalization of $2.09 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.64 and a beta of 1.56. The stock has a fifty day moving average price of $18.22 and a two-hundred day moving average price of $24.64.

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

Select Medical Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical's dividend payout ratio (DPR) is presently 15.15%.

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.