Select Medical Holdings Co. (NYSE:SEM) Shares Purchased by Financial Strategies Group Inc.

Financial Strategies Group Inc. boosted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 22.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,709 shares of the health services provider’s stock after acquiring an additional 1,938 shares during the period. Financial Strategies Group Inc.’s holdings in Select Medical were worth $363,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SEM. GAMMA Investing LLC boosted its holdings in Select Medical by 16.6% in the third quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock valued at $81,000 after purchasing an additional 330 shares in the last quarter. Foster & Motley Inc. grew its position in shares of Select Medical by 3.1% in the 2nd quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock valued at $426,000 after buying an additional 370 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Select Medical by 6.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock worth $198,000 after acquiring an additional 405 shares in the last quarter. Arizona State Retirement System lifted its position in Select Medical by 2.0% in the second quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider’s stock valued at $1,071,000 after acquiring an additional 593 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after acquiring an additional 645 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Stock Up 0.6 %

Select Medical stock opened at $38.57 on Friday. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.99 and a beta of 1.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average of $34.41 and a two-hundred day moving average of $34.27. Select Medical Holdings Co. has a twelve month low of $21.56 and a twelve month high of $40.50.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. Select Medical’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. As a group, research analysts expect that Select Medical Holdings Co. will post 2.16 earnings per share for the current year.

Select Medical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be given a $0.125 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.30%. Select Medical’s payout ratio is currently 23.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Bank of America began coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price on the stock. Royal Bank of Canada increased their price objective on Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday. Benchmark reaffirmed a “buy” rating and issued a $48.00 target price on shares of Select Medical in a report on Friday, November 1st. Finally, StockNews.com cut shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Select Medical currently has an average rating of “Moderate Buy” and an average price target of $40.75.

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.