Larson Financial Group LLC Has $2.03 Million Position in Select Medical Holdings Co. (NYSE:SEM)

Larson Financial Group LLC lifted its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 20.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,541 shares of the health services provider’s stock after acquiring an additional 17,930 shares during the period. Larson Financial Group LLC owned 0.08% of Select Medical worth $2,027,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Select Medical by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after acquiring an additional 46,880 shares during the period. Principal Financial Group Inc. lifted its position in shares of Select Medical by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider’s stock valued at $45,310,000 after acquiring an additional 45,685 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Select Medical by 144.2% during the 3rd 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 acquiring an additional 1,216,263 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Select Medical by 0.6% during the 4th 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 acquiring an additional 10,000 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Select Medical by 0.6% during the third quarter. Victory Capital Management Inc. now owns 1,181,078 shares of the health services provider’s stock worth $41,184,000 after buying an additional 7,372 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Performance

NYSE SEM opened at $17.92 on Friday. Select Medical Holdings Co. has a 1 year low of $16.20 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.64 and a beta of 1.56. The company has a fifty day moving average price of $18.94 and a 200-day moving average price of $26.92.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share (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 during the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts predict that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.40%. Select Medical’s payout ratio is 15.15%.

Wall Street Analysts Forecast Growth

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

Select Medical Company 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.