Allspring Global Investments Holdings LLC Sells 1,358 Shares of Select Medical Holdings Corporation $SEM

Allspring Global Investments Holdings LLC reduced its stake in Select Medical Holdings Corporation (NYSE:SEM) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,092 shares of the health services provider’s stock after selling 1,358 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Select Medical were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SEM. Caitong International Asset Management Co. Ltd grew its stake in shares of Select Medical by 61.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock worth $45,000 after buying an additional 1,030 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Select Medical in the 1st quarter worth $60,000. Advisors Asset Management Inc. grew its stake in shares of Select Medical by 168.2% in the 1st quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock worth $105,000 after buying an additional 3,952 shares in the last quarter. 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 in the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Select Medical during the 1st quarter worth about $143,000. 89.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SEM shares. Bank of America lowered their price objective on shares of Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Royal Bank Of Canada boosted their price objective on shares of Select Medical from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Select Medical in a research report on Friday. Finally, UBS Group reissued a “neutral” rating and issued a $14.00 price objective (down from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.40.

Select Medical Stock Up 0.2%

NYSE:SEM opened at $14.30 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 13.49, a PEG ratio of 0.58 and a beta of 1.28. Select Medical Holdings Corporation has a 1-year low of $11.65 and a 1-year high of $40.98. The company’s fifty day moving average price is $13.06 and its 200-day moving average price is $14.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 1.15.

Select Medical (NYSE:SEM) last released its quarterly earnings data 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 net margin of 2.37% and a return on equity of 8.87%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. As a group, equities research analysts anticipate that Select Medical Holdings Corporation will post 1.17 EPS for the current year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Select Medical’s dividend payout ratio (DPR) is currently 23.58%.

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.