Select Medical Holdings Corporation $SEM Stake Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Select Medical Holdings Corporation (NYSE:SEM) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,633,877 shares of the health services provider’s stock after selling 22,443 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.27% of Select Medical worth $27,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Select Medical by 217.4% during the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 4,453 shares in the last quarter. Lazard Asset Management LLC grew its stake in Select Medical by 47.8% during the 4th quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider’s stock valued at $130,000 after acquiring an additional 2,255 shares in the last quarter. Wealthquest Corp purchased a new position in Select Medical during the 1st quarter valued at about $143,000. Quarry LP grew its stake in Select Medical by 963.0% during the 4th quarter. Quarry LP now owns 9,078 shares of the health services provider’s stock valued at $171,000 after acquiring an additional 8,224 shares in the last quarter. Finally, Vista Finance LLC grew its stake in Select Medical by 7.0% during the 1st quarter. Vista Finance LLC now owns 10,969 shares of the health services provider’s stock valued at $183,000 after acquiring an additional 716 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SEM shares. Royal Bank Of Canada lowered their price target on Select Medical from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. UBS Group reissued a “neutral” rating and issued a $14.00 price target (down previously from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Select Medical has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Select Medical Stock Down 0.5%

Shares of SEM stock opened at $12.8850 on Wednesday. Select Medical Holdings Corporation has a 12 month low of $11.65 and a 12 month high of $40.98. The firm has a market cap of $1.60 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The stock has a 50 day moving average of $14.17 and a 200-day moving average of $15.85. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.92.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Select Medical’s revenue was up 4.5% on a year-over-year basis. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. On average, equities analysts predict that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical announced that its Board of Directors has initiated a share buyback plan on Thursday, May 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the health services provider to buy up to 42.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.25 annualized dividend and a yield of 1.9%. Select Medical’s dividend payout ratio is presently 23.58%.

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.