SG Americas Securities LLC trimmed its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 79.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,486 shares of the health services provider’s stock after selling 36,159 shares during the period. SG Americas Securities LLC’s holdings in Select Medical were worth $167,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Chicago Equity Partners LLC bought a new position in shares of Select Medical in the 3rd quarter valued at approximately $1,105,000. Affinity Wealth Management acquired a new stake in shares of Select Medical during the 3rd quarter worth approximately $429,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Select Medical during the 3rd quarter worth approximately $1,748,000. Orbimed Advisors LLC grew its holdings in shares of Select Medical by 51.3% during the 3rd quarter. Orbimed Advisors LLC now owns 5,578,500 shares of the health services provider’s stock worth $107,107,000 after purchasing an additional 1,891,100 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Select Medical during the 3rd quarter worth approximately $781,000. 79.80% of the stock is currently owned by institutional investors.
In other Select Medical news, insider Martin F. Jackson sold 134,029 shares of Select Medical stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $17.05, for a total transaction of $2,285,194.45. Following the completion of the transaction, the insider now owns 1,717,944 shares in the company, valued at approximately $29,290,945.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott A. Romberger sold 5,000 shares of Select Medical stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $18.46, for a total value of $92,300.00. Following the transaction, the insider now owns 167,811 shares of the company’s stock, valued at approximately $3,097,791.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,352 shares of company stock valued at $2,383,002. Corporate insiders own 19.86% of the company’s stock.
SEM has been the topic of several recent analyst reports. Zacks Investment Research lowered Select Medical from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Bank of America upgraded Select Medical from an “underperform” rating to a “neutral” rating and set a $19.00 target price for the company in a research report on Thursday, January 4th. Wells Fargo & Co began coverage on Select Medical in a research report on Tuesday, January 30th. They set an “outperform” rating and a $26.00 target price for the company. ValuEngine upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet downgraded Select Medical from a “b-” rating to a “c+” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Select Medical currently has an average rating of “Buy” and an average target price of $20.63.
Select Medical Holdings Co. (NYSE:SEM) traded down $0.20 during trading on Wednesday, reaching $18.15. The company’s stock had a trading volume of 1,254,871 shares, compared to its average volume of 766,746. Select Medical Holdings Co. has a 12-month low of $12.00 and a 12-month high of $19.77. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $2,460.00, a price-to-earnings ratio of 23.80, a PEG ratio of 1.26 and a beta of 1.23.
Select Medical (NYSE:SEM) last issued its earnings results on Wednesday, February 21st. The health services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.12. Select Medical had a return on equity of 14.27% and a net margin of 3.99%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. equities analysts expect that Select Medical Holdings Co. will post 1.07 earnings per share for the current year.
WARNING: “SG Americas Securities LLC Has $167,000 Holdings in Select Medical Holdings Co. (NYSE:SEM)” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/03/14/sg-americas-securities-llc-sells-36159-shares-of-select-medical-holdings-co-sem.html.
About Select Medical
Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.
Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.