New York State Common Retirement Fund Boosts Stock Position in Select Medical Holdings Co. (NYSE:SEM)

New York State Common Retirement Fund raised its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 78.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,216 shares of the health services provider’s stock after purchasing an additional 38,321 shares during the quarter. New York State Common Retirement Fund’s holdings in Select Medical were worth $2,050,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Select Medical during the 3rd quarter valued at $29,000. Covestor Ltd grew its holdings in Select Medical by 74.9% during the 3rd quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock worth $108,000 after acquiring an additional 1,838 shares in the last quarter. CI Investments Inc. purchased a new position in Select Medical during the 3rd quarter valued at about $147,000. Sigma Planning Corp purchased a new stake in shares of Select Medical in the 3rd quarter worth approximately $209,000. Finally, Watershed Asset Management L.L.C. purchased a new position in Select Medical during the third quarter valued at approximately $251,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Select Medical

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction 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 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 17.50% of the company’s stock.

Select Medical Stock Performance

Shares of SEM opened at $32.84 on Thursday. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $33.51. The stock has a fifty day moving average price of $28.71 and a 200-day moving average price of $26.12. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.30. The firm has a market cap of $4.27 billion, a PE ratio of 15.64, a P/E/G ratio of 1.24 and a beta of 1.38.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share 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 the consensus estimate of $1.64 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. Equities research analysts predict that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.52%. Select Medical’s dividend payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

SEM has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $39.00 target price on shares of Select Medical in a report on Friday, May 3rd. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Select Medical presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

About Select Medical

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.