Select Medical Holdings Co. (SEM) Position Increased by Legal & General Group Plc

Legal & General Group Plc increased its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,340 shares of the health services provider’s stock after purchasing an additional 3,880 shares during the quarter. Legal & General Group Plc owned 0.23% of Select Medical worth $5,786,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SEM. Pacad Investment Ltd. increased its position in shares of Select Medical by 58.7% during the 2nd quarter. Pacad Investment Ltd. now owns 7,300 shares of the health services provider’s stock worth $112,000 after purchasing an additional 2,700 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Select Medical by 4.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,709 shares of the health services provider’s stock worth $133,000 after purchasing an additional 396 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Select Medical by 78.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,722 shares of the health services provider’s stock worth $134,000 after purchasing an additional 3,822 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Select Medical by 75.8% during the 2nd quarter. Flinton Capital Management LLC now owns 9,744 shares of the health services provider’s stock worth $150,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Select Medical during the 2nd quarter worth about $164,000. 77.93% of the stock is owned by hedge funds and other institutional investors.

Select Medical Holdings Co. (NYSE SEM) opened at $16.65 on Friday. Select Medical Holdings Co. has a twelve month low of $12.00 and a twelve month high of $19.77. The company has a market capitalization of $2,238.22, a PE ratio of 21.17, a P/E/G ratio of 1.31 and a beta of 1.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 3.36.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, November 2nd. The health services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Select Medical had a net margin of 2.21% and a return on equity of 11.44%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. equities analysts anticipate that Select Medical Holdings Co. will post 0.85 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on SEM. Zacks Investment Research downgraded Select Medical from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut Select Medical from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and set a $19.00 target price on shares of Select Medical in a report on Wednesday, September 13th. Robert W. Baird set a $25.00 target price on Select Medical and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Deutsche Bank restated a “buy” rating and set a $22.00 target price on shares of Select Medical in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Select Medical currently has a consensus rating of “Hold” and an average target price of $19.50.

In other news, insider Michael E. Tarvin sold 18,500 shares of Select Medical stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $18.97, for a total value of $350,945.00. Following the completion of the transaction, the insider now owns 340,044 shares in the company, valued at approximately $6,450,634.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Martin F. Jackson sold 156,603 shares of Select Medical stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $17.06, for a total value of $2,671,647.18. Following the completion of the transaction, the insider now owns 1,790,601 shares of the company’s stock, valued at approximately $30,547,653.06. The disclosure for this sale can be found here. Insiders have sold a total of 180,103 shares of company stock valued at $3,112,442 over the last 90 days. 19.93% of the stock is currently owned by company insiders.

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Select Medical Company Profile

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.

Institutional Ownership by Quarter for Select Medical (NYSE:SEM)

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