Dynamic Technology Lab Private Ltd Acquires New Position in Select Medical Holdings Co. (NYSE:SEM)

Dynamic Technology Lab Private Ltd bought a new position in Select Medical Holdings Co. (NYSE:SEM) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,650 shares of the health services provider’s stock, valued at approximately $1,592,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Select Medical by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after buying an additional 330 shares during the last quarter. Foster & Motley Inc. boosted its position in shares of Select Medical by 3.1% during the 2nd quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock valued at $426,000 after acquiring an additional 370 shares during the last quarter. KBC Group NV grew its holdings in shares of Select Medical by 4.5% in the third quarter. KBC Group NV now owns 13,050 shares of the health services provider’s stock valued at $455,000 after purchasing an additional 563 shares during the period. Arizona State Retirement System raised its stake in Select Medical by 2.0% during the second quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider’s stock worth $1,071,000 after purchasing an additional 593 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SEM has been the topic of several analyst reports. Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. StockNews.com downgraded Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Royal Bank of Canada increased their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Bank of America began coverage on shares of Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.75.

Select Medical Price Performance

SEM stock opened at $38.70 on Tuesday. The business’s fifty day moving average price is $35.19 and its 200 day moving average price is $35.05. Select Medical Holdings Co. has a 12-month low of $22.26 and a 12-month high of $40.98. 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 company has a market capitalization of $5.01 billion, a PE ratio of 18.08, a P/E/G ratio of 1.78 and a beta of 1.42.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, sell-side analysts anticipate that Select Medical Holdings Co. will post 2.16 EPS for the current year.

Select Medical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, November 13th. Select Medical’s dividend payout ratio is currently 23.36%.

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.