Foundry Partners LLC Raises Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Foundry Partners LLC lifted its holdings in Select Medical Holdings Co. (NYSE:SEM) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 260,729 shares of the health services provider’s stock after purchasing an additional 14,869 shares during the quarter. Foundry Partners LLC owned 0.20% of Select Medical worth $4,915,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Select Medical by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider’s stock worth $239,640,000 after buying an additional 131,228 shares in the last quarter. Geode Capital Management LLC grew its position in Select Medical by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock worth $85,180,000 after acquiring an additional 46,880 shares in the last quarter. Principal Financial Group Inc. increased its stake in Select Medical by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider’s stock worth $45,310,000 after acquiring an additional 45,685 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Select Medical by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,656,320 shares of the health services provider’s stock valued at $31,222,000 after purchasing an additional 10,000 shares during the period. Finally, Norges Bank bought a new stake in shares of Select Medical in the 4th quarter valued at approximately $29,556,000. Institutional investors own 89.48% of the company’s stock.

Analyst Ratings Changes

SEM has been the topic of several recent research reports. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. UBS Group dropped their price target on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, February 24th. Finally, Royal Bank of Canada dropped their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Select Medical Trading Down 2.2 %

NYSE SEM opened at $15.83 on Friday. Select Medical Holdings Co. has a 12 month low of $15.40 and a 12 month high of $40.98. The company’s 50-day moving average price is $18.09 and its 200-day moving average price is $24.45. The stock has a market cap of $2.04 billion, a PE ratio of 9.59, a PEG ratio of 0.64 and a beta of 1.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

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

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.0625 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.58%. Select Medical’s dividend payout ratio is currently 15.15%.

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.