Raymond James Financial Inc. Lowers Position in Select Medical Holdings Corporation $SEM

Raymond James Financial Inc. lowered its holdings in Select Medical Holdings Corporation (NYSE:SEM) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 305,500 shares of the health services provider’s stock after selling 5,293 shares during the period. Raymond James Financial Inc. owned approximately 0.24% of Select Medical worth $5,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vista Finance LLC raised its holdings in shares of 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 buying an additional 716 shares in the last quarter. Net Worth Advisory Group raised its holdings in shares of Select Medical by 6.4% during the 1st quarter. Net Worth Advisory Group now owns 14,045 shares of the health services provider’s stock valued at $235,000 after buying an additional 846 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Select Medical by 61.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock valued at $45,000 after buying an additional 1,030 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Select Medical by 5.8% during the 1st quarter. M&T Bank Corp now owns 36,629 shares of the health services provider’s stock valued at $612,000 after buying an additional 1,996 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Select Medical by 47.8% in the 4th quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider’s stock worth $130,000 after purchasing an additional 2,255 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Trading Up 0.6%

NYSE SEM opened at $13.00 on Friday. 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 Holdings Corporation has a twelve month low of $11.65 and a twelve month high of $40.98. The firm has a market capitalization of $1.61 billion, a PE ratio of 12.26, a P/E/G ratio of 0.53 and a beta of 1.25. The stock’s 50 day moving average is $13.70 and its 200 day moving average is $15.37.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, July 31st. The health services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’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. Research analysts forecast that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

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

Analyst Ratings Changes

Separately, UBS Group reaffirmed a “neutral” rating and issued a $14.00 price target (down 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

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.