Insider Selling: Select Medical Holdings Co. (NYSE:SEM) Chairman Sells 50,000 Shares of Stock

Select Medical Holdings Co. (NYSE:SEM) Chairman Robert A. Ortenzio sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the sale, the chairman now owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Select Medical Stock Down 1.7 %

Shares of SEM stock opened at $28.24 on Friday. The stock has a market cap of $3.62 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.37. Select Medical Holdings Co. has a one year low of $21.28 and a one year high of $33.51. The stock has a fifty day moving average price of $28.05 and a 200 day moving average price of $25.55. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.01 and a quick ratio of 1.01.

Select Medical (NYSE:SEM) last issued its earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. Select Medical’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.22 earnings per share. Analysts predict that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, March 1st were given a $0.125 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.50 annualized dividend and a yield of 1.77%. Select Medical’s dividend payout ratio (DPR) is currently 26.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SEM. Public Employees Retirement System of Ohio raised its stake in Select Medical by 6.8% during the third quarter. Public Employees Retirement System of Ohio now owns 7,386 shares of the health services provider’s stock worth $163,000 after acquiring an additional 473 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Select Medical by 0.7% during the first quarter. Great West Life Assurance Co. Can now owns 93,400 shares of the health services provider’s stock worth $2,297,000 after acquiring an additional 604 shares in the last quarter. LPL Financial LLC raised its stake in Select Medical by 4.4% during the fourth quarter. LPL Financial LLC now owns 16,978 shares of the health services provider’s stock worth $422,000 after acquiring an additional 714 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Select Medical by 0.9% in the first quarter. Yousif Capital Management LLC now owns 96,181 shares of the health services provider’s stock valued at $2,307,000 after buying an additional 813 shares in the last quarter. Finally, Watershed Asset Management L.L.C. increased its stake in shares of Select Medical by 8.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider’s stock valued at $253,000 after buying an additional 814 shares in the last quarter. 89.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.40.

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.