Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Select Medical Holdings Co. (NYSE:SEM) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,088 shares of the health services provider’s stock after selling 448 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Select Medical were worth $212,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in Select Medical during the first quarter valued at about $467,000. Capstone Investment Advisors LLC acquired a new position in shares of Select Medical in the 1st quarter valued at about $690,000. UniSuper Management Pty Ltd purchased a new stake in shares of Select Medical during the 1st quarter worth about $730,000. First Eagle Investment Management LLC increased its position in Select Medical by 14.8% during the 1st quarter. First Eagle Investment Management LLC now owns 275,559 shares of the health services provider’s stock worth $8,308,000 after purchasing an additional 35,512 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in Select Medical in the second quarter valued at approximately $14,819,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Trading Up 12.1 %

SEM opened at $35.95 on Monday. The firm’s 50 day moving average is $34.26 and its 200-day moving average is $34.07. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $40.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $4.67 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.98 and a beta of 1.42.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a return on equity of 17.56% and a net margin of 3.97%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. Analysts expect that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is 23.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SEM shares. Benchmark reiterated a “buy” rating and set a $48.00 price objective on shares of Select Medical in a research note on Friday. Bank of America started coverage on Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.