GAMMA Investing LLC Makes New $33,000 Investment in Select Medical Holdings Co. (NYSE:SEM)

GAMMA Investing LLC bought a new position in Select Medical Holdings Co. (NYSE:SEM) in the 4th quarter, HoldingsChannel reports. The fund bought 1,271 shares of the health services provider’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SEM. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Select Medical in the third quarter valued at approximately $29,000. Covestor Ltd boosted its holdings in shares of Select Medical by 74.9% in the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock valued at $108,000 after acquiring an additional 1,838 shares in the last quarter. CI Investments Inc. bought a new position in shares of Select Medical in the third quarter valued at approximately $147,000. Sigma Planning Corp bought a new position in shares of Select Medical in the third quarter valued at approximately $209,000. Finally, Watershed Asset Management L.L.C. bought a new position in shares of Select Medical in the third quarter valued at approximately $251,000. Institutional investors own 89.48% of the company’s stock.

Select Medical Trading Up 10.5 %

Shares of NYSE:SEM opened at $31.43 on Monday. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.24 and a beta of 1.38. Select Medical Holdings Co. has a 1-year low of $21.28 and a 1-year high of $33.51. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $28.42 and a 200 day moving average price of $25.95.

Select Medical (NYSE:SEM) last issued its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 3.97% and a return on equity of 18.45%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a $0.125 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark restated a “buy” rating and set a $39.00 target price on shares of Select Medical in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.40.

Insider Activity at Select Medical

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were 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 in the company, valued at approximately $200,021,073.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 19.14% of the stock is owned by insiders.

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.