Public Sector Pension Investment Board Grows Stock Position in Select Medical Holdings Corporation $SEM

Public Sector Pension Investment Board lifted its stake in Select Medical Holdings Corporation (NYSE:SEM) by 21.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 430,472 shares of the health services provider’s stock after purchasing an additional 75,530 shares during the quarter. Public Sector Pension Investment Board owned about 0.35% of Select Medical worth $5,527,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in shares of Select Medical by 2.1% during the third quarter. Rhumbline Advisers now owns 333,434 shares of the health services provider’s stock worth $4,281,000 after buying an additional 6,882 shares during the period. Versor Investments LP acquired a new stake in Select Medical during the 3rd quarter worth about $455,000. Linden Thomas Advisory Services LLC grew its stake in Select Medical by 4.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 58,766 shares of the health services provider’s stock valued at $755,000 after purchasing an additional 2,399 shares during the last quarter. Optimize Financial Inc acquired a new position in shares of Select Medical in the third quarter valued at about $416,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Select Medical by 6,868.4% in the third quarter. Cornerstone Planning Group LLC now owns 3,972 shares of the health services provider’s stock worth $51,000 after purchasing an additional 3,915 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

Shares of Select Medical stock opened at $16.34 on Thursday. The firm has a market cap of $2.02 billion, a PE ratio of 19.00, a P/E/G ratio of 0.57 and a beta of 1.25. Select Medical Holdings Corporation has a twelve month low of $11.65 and a twelve month high of $19.54. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $15.30 and a 200 day moving average price of $14.03.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SEM. Mizuho set a $17.00 price target on shares of Select Medical in a report on Monday, November 3rd. Wall Street Zen raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Benchmark reaffirmed a “buy” rating on shares of Select Medical in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Select Medical in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.80.

Select Medical Profile

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.