Sanctuary Advisors LLC Purchases New Stake in Select Medical Holdings Co. (NYSE:SEM)

Sanctuary Advisors LLC bought a new position in Select Medical Holdings Co. (NYSE:SEM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,023 shares of the health services provider's stock, valued at approximately $877,000.

A number of other hedge funds have also recently modified their holdings of the company. Foster & Motley Inc. increased its position in shares of Select Medical by 3.1% during the second quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider's stock worth $426,000 after acquiring an additional 370 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Select Medical by 6.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider's stock worth $198,000 after purchasing an additional 405 shares during the period. Arizona State Retirement System raised its holdings in Select Medical by 2.0% during the second quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider's stock worth $1,071,000 after purchasing an additional 593 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider's stock valued at $27,000 after buying an additional 645 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Select Medical by 52.8% during the second quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider's stock worth $70,000 after buying an additional 685 shares during the period. Hedge funds and other institutional investors own 89.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SEM shares. Benchmark restated a "buy" rating and issued a $48.00 target price on shares of Select Medical in a report on Friday, September 6th. Bank of America assumed coverage on Select Medical in a research note on Tuesday, August 20th. They issued a "buy" rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Select Medical Price Performance

Shares of NYSE:SEM traded up $0.56 during midday trading on Friday, reaching $33.70. 483,279 shares of the company's stock were exchanged, compared to its average volume of 522,207. The firm has a market capitalization of $4.38 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.41. The company's 50 day simple moving average is $34.21 and its two-hundred day simple moving average is $33.58. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $40.50. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09.

Select Medical (NYSE:SEM - Get Free Report) last issued its earnings results on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.61 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical's dividend payout ratio (DPR) is presently 23.92%.

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.