Allspring Global Investments Holdings LLC Has $145,000 Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Allspring Global Investments Holdings LLC lowered its stake in Select Medical Holdings Co. (NYSE:SEM) by 43.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,158 shares of the health services provider’s stock after selling 4,679 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Select Medical were worth $145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paralel Advisors LLC lifted its position in Select Medical by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 73,981 shares of the health services provider’s stock valued at $1,870,000 after acquiring an additional 836 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Select Medical by 1.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,310 shares of the health services provider’s stock valued at $1,112,000 after purchasing an additional 858 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of Select Medical during the third quarter worth about $25,000. Linden Thomas Advisory Services LLC lifted its stake in Select Medical by 11.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 10,679 shares of the health services provider’s stock valued at $270,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Select Medical during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SEM has been the topic of several analyst reports. Benchmark reissued a “buy” rating and set a $39.00 price target on shares of Select Medical in a research report on Friday, April 12th. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Select Medical currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.40.

Insider Activity at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the sale, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 19.14% of the stock is owned by insiders.

Select Medical Stock Up 0.1 %

SEM stock opened at $27.41 on Monday. The business’s fifty day moving average price is $28.24 and its two-hundred day moving average price is $25.76. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.08 and a beta of 1.37. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51. 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 announced 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 company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Select Medical had a net margin of 3.65% and a return on equity of 16.93%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. On average, equities analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, March 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 29th. Select Medical’s payout ratio is currently 26.18%.

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.