LPL Financial LLC Acquires 619 Shares of Select Medical Holdings Co. (NYSE:SEM)

LPL Financial LLC lifted its holdings in Select Medical Holdings Co. (NYSE:SEM) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,441 shares of the health services provider’s stock after purchasing an additional 619 shares during the quarter. LPL Financial LLC’s holdings in Select Medical were worth $593,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SEM. Smartleaf Asset Management LLC boosted its holdings in shares of Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after buying an additional 1,473 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Select Medical in the 3rd quarter worth $81,000. Virtu Financial LLC bought a new position in Select Medical during the 3rd quarter worth about $210,000. Tidal Investments LLC acquired a new stake in shares of Select Medical in the 3rd quarter valued at about $286,000. Finally, Cibc World Markets Corp bought a new stake in shares of Select Medical in the fourth quarter valued at about $191,000. 89.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SEM. Mizuho started coverage on Select Medical in a research report on Wednesday, April 16th. They set an “outperform” rating and a $25.00 price target for the company. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada reduced their price objective on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. UBS Group dropped their target price on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, 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 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.80.

Select Medical Stock Up 2.9 %

SEM stock opened at $16.34 on Thursday. The business’s 50 day simple moving average is $17.11 and its 200 day simple moving average is $22.61. Select Medical Holdings Co. has a 1-year low of $14.99 and a 1-year high of $40.98. The firm has a market capitalization of $2.11 billion, a PE ratio of 9.90, a PEG ratio of 0.64 and a beta of 1.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. As a group, research analysts anticipate that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

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