Deutsche Bank AG Sells 9,219 Shares of Select Medical Holdings Corporation $SEM

Deutsche Bank AG decreased its holdings in shares of Select Medical Holdings Corporation (NYSE:SEM) by 9.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,097 shares of the health services provider’s stock after selling 9,219 shares during the period. Deutsche Bank AG owned 0.07% of Select Medical worth $1,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Select Medical by 217.4% in the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock worth $109,000 after buying an additional 4,453 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Select Medical by 47.8% in the fourth quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider’s stock worth $130,000 after acquiring an additional 2,255 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of Select Medical in the first quarter worth $143,000. Quarry LP increased its holdings in shares of Select Medical by 963.0% during the fourth 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 raised its position in shares of Select Medical by 7.0% in the 1st quarter. Vista Finance LLC now owns 10,969 shares of the health services provider’s stock worth $183,000 after purchasing an additional 716 shares during the last quarter. 89.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Select Medical Stock Up 3.2%

SEM opened at $13.4050 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.69 and a beta of 1.25. The firm has a 50 day moving average price of $14.04 and a 200-day moving average price of $15.74. Select Medical Holdings Corporation has a twelve month low of $11.65 and a twelve month high of $40.98. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. Equities research analysts forecast that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

Select Medical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 13th. Select Medical’s dividend payout ratio is 23.58%.

Select Medical declared that its Board of Directors has initiated a stock repurchase program 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 repurchase up to 42.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.