Louisiana State Employees Retirement System Purchases New Holdings in Select Medical Holdings Co. (NYSE:SEM)

Louisiana State Employees Retirement System purchased a new stake in Select Medical Holdings Co. (NYSE:SEM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 52,600 shares of the health services provider’s stock, valued at approximately $1,236,000.

Several other institutional investors have also made changes to their positions in SEM. Deutsche Bank AG boosted its stake in shares of Select Medical by 1,015.2% in the third quarter. Deutsche Bank AG now owns 553,306 shares of the health services provider’s stock valued at $13,982,000 after buying an additional 503,692 shares during the period. Assenagon Asset Management S.A. bought a new stake in Select Medical during the third quarter worth $5,637,000. Trexquant Investment LP lifted its stake in Select Medical by 257.8% during the third quarter. Trexquant Investment LP now owns 165,742 shares of the health services provider’s stock worth $4,188,000 after purchasing an additional 119,416 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Select Medical during the third quarter worth $2,012,000. Finally, Foundry Partners LLC lifted its stake in Select Medical by 31.8% during the third quarter. Foundry Partners LLC now owns 278,433 shares of the health services provider’s stock worth $7,036,000 after purchasing an additional 67,157 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.

Select Medical Stock Performance

NYSE SEM opened at $27.33 on Tuesday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.06 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32. Select Medical Holdings Co. has a twelve month low of $21.28 and a twelve month high of $33.51. The stock has a fifty day simple moving average of $28.17 and a 200 day simple moving average of $25.66.

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

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Thursday, February 29th. Select Medical’s dividend payout ratio (DPR) is presently 26.18%.

Analyst Upgrades and Downgrades

SEM has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and set a $39.00 target price on shares of Select Medical in a research note on Friday, April 12th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.40.

Insider Transactions at Select Medical

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical stock in a transaction dated 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 transaction, the chairman now directly owns 6,689,668 shares of the company’s stock, valued at approximately $200,021,073.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.14% of the company’s stock.

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.