Wells Fargo & Company MN Cuts Holdings in Select Medical Holdings Co. (NYSE:SEM)

Wells Fargo & Company MN lowered its holdings in Select Medical Holdings Co. (NYSE:SEM) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 265,647 shares of the health services provider’s stock after selling 7,617 shares during the quarter. Wells Fargo & Company MN owned 0.21% of Select Medical worth $5,007,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after acquiring an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Select Medical in the third quarter valued at $81,000. Cibc World Markets Corp purchased a new stake in shares of Select Medical in the 4th quarter worth about $191,000. Vista Finance LLC acquired a new position in Select Medical during the fourth quarter worth about $193,000. Finally, Vestcor Inc grew its position in shares of Select Medical by 16.7% in the fourth quarter. Vestcor Inc now owns 11,055 shares of the health services provider’s stock valued at $208,000 after purchasing an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SEM shares. Royal Bank of Canada dropped their price target on Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Benchmark upgraded shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, February 24th. Mizuho began coverage on Select Medical in a report on Wednesday, April 16th. They issued an “outperform” rating and a $25.00 price target for the company. Finally, UBS Group decreased their price objective on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.80.

Select Medical Stock Performance

NYSE:SEM opened at $16.35 on Monday. Select Medical Holdings Co. has a fifty-two week low of $14.99 and a fifty-two week high of $40.98. The firm’s 50 day moving average is $17.27 and its two-hundred day moving average is $22.83. The company has a market cap of $2.11 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.64 and a beta of 1.38. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a net margin of 3.23% and a return on equity of 14.04%. Analysts expect that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.53%. Select Medical’s payout ratio is 15.15%.

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.