Royce & Associates LP Acquires 26,490 Shares of Select Medical Holdings Co. (NYSE:SEM)

Royce & Associates LP raised its position in shares of Select Medical Holdings Co. (NYSE:SEM - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 373,165 shares of the health services provider's stock after purchasing an additional 26,490 shares during the quarter. Royce & Associates LP owned 0.29% of Select Medical worth $7,034,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SEM. Natixis Advisors LLC lifted its stake in shares of Select Medical by 11.5% during the 4th quarter. Natixis Advisors LLC now owns 28,203 shares of the health services provider's stock valued at $532,000 after buying an additional 2,904 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Select Medical by 21.4% in the fourth quarter. First Eagle Investment Management LLC now owns 366,359 shares of the health services provider's stock valued at $6,906,000 after acquiring an additional 64,700 shares in the last quarter. Vestcor Inc boosted its stake in shares of Select Medical by 16.7% in the fourth quarter. Vestcor Inc now owns 11,055 shares of the health services provider's stock worth $208,000 after acquiring an additional 1,580 shares during the period. Swiss National Bank grew its position in shares of Select Medical by 0.7% during the fourth quarter. Swiss National Bank now owns 217,400 shares of the health services provider's stock worth $4,098,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Moran Wealth Management LLC bought a new stake in Select Medical during the 4th quarter valued at approximately $2,207,000. 89.48% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

SEM has been the subject of a number of research analyst reports. 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 report on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada dropped their price objective 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. Finally, UBS Group cut their price objective on 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.25.

Select Medical Price Performance

SEM stock traded down $0.28 during trading on Friday, hitting $16.55. 2,448,652 shares of the company's stock traded hands, compared to its average volume of 755,410. The business has a fifty day simple moving average of $18.59 and a 200 day simple moving average of $25.69. Select Medical Holdings Co. has a 52 week low of $16.20 and a 52 week high of $40.98. 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 capitalization of $2.13 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.64 and a beta of 1.56.

Select Medical (NYSE:SEM - Get Free Report) last released 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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. As a group, research analysts expect that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Monday, March 3rd. 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.