Huber Capital Management LLC Reduces Holdings in Select Medical Holdings Co. (NYSE:SEM)

Huber Capital Management LLC cut its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 64.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,245 shares of the health services provider’s stock after selling 70,796 shares during the period. Huber Capital Management LLC’s holdings in Select Medical were worth $740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Select Medical in the third quarter valued at about $232,000. BNP Paribas Financial Markets raised its stake in Select Medical by 141.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,720 shares of the health services provider’s stock valued at $932,000 after acquiring an additional 15,635 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Select Medical during the 3rd quarter worth approximately $290,000. Janus Henderson Group PLC grew its stake in shares of Select Medical by 14.7% in the 3rd quarter. Janus Henderson Group PLC now owns 54,021 shares of the health services provider’s stock valued at $1,883,000 after purchasing an additional 6,922 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after purchasing an additional 1,216,263 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Up 1.3 %

Shares of NYSE SEM opened at $16.71 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $18.22 and a 200 day moving average price of $24.64. Select Medical Holdings Co. has a 52 week low of $16.04 and a 52 week high of $40.98. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Equities research analysts anticipate that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a yield of 1.50%. Select Medical’s payout ratio is 15.15%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SEM. Royal Bank of Canada dropped their price objective on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. UBS Group reduced their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Select Medical has an average rating of “Moderate Buy” and an average price target of $27.25.

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.