Envestnet Asset Management Inc. Reduces Holdings in Select Medical Holdings Corporation $SEM

Envestnet Asset Management Inc. cut its position in Select Medical Holdings Corporation (NYSE:SEM) by 54.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,353 shares of the health services provider’s stock after selling 205,456 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Select Medical worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in Select Medical in the first quarter valued at $269,000. Russell Investments Group Ltd. raised its stake in shares of Select Medical by 143.8% in the 1st quarter. Russell Investments Group Ltd. now owns 111,796 shares of the health services provider’s stock valued at $1,867,000 after purchasing an additional 65,946 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Select Medical by 96.0% during the first quarter. Empowered Funds LLC now owns 613,801 shares of the health services provider’s stock worth $10,250,000 after purchasing an additional 300,631 shares during the last quarter. Vanguard Group Inc. increased its holdings in Select Medical by 4.7% in the first quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider’s stock valued at $222,378,000 after buying an additional 603,079 shares during the last quarter. Finally, CX Institutional raised its stake in Select Medical by 99.3% during the second quarter. CX Institutional now owns 95,343 shares of the health services provider’s stock valued at $1,447,000 after buying an additional 47,515 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SEM. Wall Street Zen raised Select Medical from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Select Medical in a report on Wednesday, October 8th. UBS Group reiterated a “neutral” rating and set a $14.00 price objective (down previously from $15.00) on shares of Select Medical in a research note on Monday, August 4th. Mizuho set a $17.00 target price on Select Medical in a report on Monday, November 3rd. Finally, Benchmark reissued a “buy” rating on shares of Select Medical in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Select Medical presently has an average rating of “Moderate Buy” and a consensus target price of $17.80.

Select Medical Stock Performance

Shares of NYSE SEM opened at $13.08 on Monday. The business’s 50-day simple moving average is $13.23 and its 200-day simple moving average is $13.92. Select Medical Holdings Corporation has a 52 week low of $11.65 and a 52 week high of $39.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.57 and a beta of 1.30.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, October 30th. The health services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Select Medical has set its FY 2025 guidance at 1.140-1.240 EPS. As a group, equities research analysts expect that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Wednesday, November 12th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.9%. Select Medical’s payout ratio is presently 29.07%.

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.