Bank of Montreal Can Buys 867 Shares of Select Medical Holdings Co. (NYSE:SEM)

Bank of Montreal Can increased its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,030 shares of the health services provider’s stock after buying an additional 867 shares during the period. Bank of Montreal Can’s holdings in Select Medical were worth $378,000 as of its most recent SEC filing.

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

Select Medical Stock Performance

Shares of SEM stock opened at $15.89 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. Select Medical Holdings Co. has a 1 year low of $14.99 and a 1 year high of $40.98. The business has a fifty day moving average of $17.16 and a 200 day moving average of $22.66. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38.

Select Medical (NYSE:SEM) last issued its quarterly earnings data 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). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts expect that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a $0.0625 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.57%. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

Analyst Ratings Changes

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

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.