Trexquant Investment LP Acquires 32,936 Shares of Select Medical Holdings Co. (NYSE:SEM)

Trexquant Investment LP raised its position in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,113 shares of the health services provider's stock after purchasing an additional 32,936 shares during the quarter. Trexquant Investment LP owned approximately 0.11% of Select Medical worth $2,735,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in Select Medical during the third quarter valued at approximately $30,000. Smartleaf Asset Management LLC raised its holdings in shares of Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock valued at $43,000 after purchasing an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Select Medical in the 3rd quarter valued at $81,000. Cibc World Markets Corp bought a new stake in Select Medical in the fourth quarter worth $191,000. Finally, Vista Finance LLC acquired a new position in Select Medical during the fourth quarter worth $193,000. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SEM. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Benchmark raised Select Medical from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Monday, February 24th. UBS Group dropped their price target on shares of Select Medical from $40.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, Royal Bank of Canada decreased 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Select Medical currently has a consensus rating of "Moderate Buy" and an average target price of $27.25.

Select Medical Stock Performance

Shares of SEM stock traded up $0.02 during trading hours on Friday, reaching $16.44. 785,932 shares of the company's stock were exchanged, compared to its average volume of 810,515. Select Medical Holdings Co. has a fifty-two week low of $14.99 and a fifty-two week high of $40.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.12 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.64 and a beta of 1.38. The business has a fifty day moving average price of $17.56 and a 200-day moving average price of $23.53.

Select Medical (NYSE:SEM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.11). The company had revenue of $1.31 billion during 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%. Analysts predict that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a yield of 1.52%. Select Medical's dividend 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.