Advisors Asset Management Inc. Buys 3,952 Shares of Select Medical Holdings Corporation $SEM

Advisors Asset Management Inc. grew its stake in Select Medical Holdings Corporation (NYSE:SEM) by 168.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,301 shares of the health services provider’s stock after acquiring an additional 3,952 shares during the quarter. Advisors Asset Management Inc.’s holdings in Select Medical were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Select Medical by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,755,298 shares of the health services provider’s stock valued at $296,515,000 after acquiring an additional 270,488 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Select Medical by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider’s stock valued at $222,378,000 after acquiring an additional 603,079 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Select Medical by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,476,816 shares of the health services provider’s stock valued at $41,363,000 after acquiring an additional 73,308 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Select Medical by 46.7% in the 4th quarter. Bank of America Corp DE now owns 1,192,578 shares of the health services provider’s stock valued at $22,480,000 after acquiring an additional 379,598 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Select Medical during the 1st quarter worth approximately $12,133,000. 89.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America lowered their target price on Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group reissued a “neutral” rating and set a $14.00 target price (down from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.20.

Select Medical Trading Down 2.2%

NYSE:SEM opened at $12.53 on Friday. 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. The business has a 50 day moving average price of $13.41 and a two-hundred day moving average price of $15.12. The company has a market cap of $1.55 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.52 and a beta of 1.25.

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, topping 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’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. As a group, analysts expect that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 13th. 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.