Mitsubishi UFJ Trust & Banking Corp Has $823,000 Stake in Select Medical Holdings Corporation $SEM

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Select Medical Holdings Corporation (NYSE:SEM) by 889.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,094 shares of the health services provider’s stock after purchasing an additional 57,618 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Select Medical worth $823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Select Medical by 1.3% in the 2nd quarter. State Street Corp now owns 4,253,793 shares of the health services provider’s stock valued at $64,573,000 after buying an additional 55,686 shares during the period. Geode Capital Management LLC raised its stake in Select Medical by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,035,186 shares of the health services provider’s stock valued at $46,079,000 after acquiring an additional 80,425 shares during the period. 8 Knots Management LLC bought a new position in shares of Select Medical during the second quarter worth approximately $26,568,000. Bank of America Corp DE boosted its holdings in Select Medical by 10.9% in the 2nd quarter. Bank of America Corp DE now owns 1,618,662 shares of the health services provider’s stock valued at $24,571,000 after purchasing an additional 158,768 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Select Medical by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 728,689 shares of the health services provider’s stock valued at $12,169,000 after purchasing an additional 147,183 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Select Medical in a research report on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Select Medical in a research note on Monday, October 27th. Mizuho set a $17.00 price objective on shares of Select Medical in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada raised their price objective on Select Medical from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.80.

Select Medical Trading Up 0.4%

Shares of Select Medical stock opened at $15.06 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Select Medical Holdings Corporation has a 12-month low of $11.65 and a 12-month high of $20.37. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.52 and a beta of 1.26. The company’s 50-day moving average price is $15.11 and its 200-day moving average price is $13.89.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, October 30th. The health services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Select Medical had a return on equity of 7.41% and a net margin of 2.05%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities analysts expect that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

About Select Medical

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.