Foster & Motley Inc. Cuts Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Foster & Motley Inc. lessened its stake in Select Medical Holdings Co. (NYSE:SEM) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,968 shares of the health services provider’s stock after selling 1,618 shares during the quarter. Foster & Motley Inc.’s holdings in Select Medical were worth $305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new position in Select Medical in the third quarter valued at about $25,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Select Medical in the third quarter valued at about $29,000. Covestor Ltd grew its stake in shares of Select Medical by 74.9% during the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock worth $108,000 after acquiring an additional 1,838 shares during the last quarter. CI Investments Inc. purchased a new stake in shares of Select Medical during the third quarter worth about $147,000. Finally, Sigma Planning Corp purchased a new stake in shares of Select Medical during the third quarter worth about $209,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Insider Buying and Selling at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $26.00, for a total value of $1,300,000.00. Following the completion of the transaction, the chairman now directly owns 6,789,668 shares of the company’s stock, valued at $176,531,368. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SEM shares. Benchmark restated a “buy” rating and set a $39.00 price target on shares of Select Medical in a research note on Friday, April 12th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.40.

Select Medical Price Performance

Shares of NYSE SEM opened at $27.71 on Thursday. The business’s 50 day moving average price is $28.23 and its 200 day moving average price is $25.70. The firm has a market cap of $3.56 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.11 and a beta of 1.37. Select Medical Holdings Co. has a 52 week low of $21.28 and a 52 week high of $33.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32.

Select Medical (NYSE:SEM) last issued its earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. Select Medical’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, sell-side analysts expect that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, March 1st were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 29th. Select Medical’s payout ratio is presently 26.18%.

About Select Medical

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.