UniSuper Management Pty Ltd Takes $730,000 Position in Select Medical Holdings Co. (NYSE:SEM)

UniSuper Management Pty Ltd purchased a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the first quarter, HoldingsChannel reports. The fund purchased 24,204 shares of the health services provider’s stock, valued at approximately $730,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SEM. O Shaughnessy Asset Management LLC increased its holdings in shares of Select Medical by 12.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 20,269 shares of the health services provider’s stock worth $611,000 after purchasing an additional 2,313 shares during the period. Vanguard Group Inc. increased its stake in Select Medical by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after acquiring an additional 650,093 shares during the period. First Eagle Investment Management LLC raised its holdings in Select Medical by 14.8% in the 1st quarter. First Eagle Investment Management LLC now owns 275,559 shares of the health services provider’s stock valued at $8,308,000 after acquiring an additional 35,512 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Select Medical by 9.6% during the 1st quarter. Foundry Partners LLC now owns 333,826 shares of the health services provider’s stock valued at $10,065,000 after acquiring an additional 29,136 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Select Medical by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,002 shares of the health services provider’s stock worth $1,266,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SEM shares. Benchmark increased their price objective on shares of Select Medical from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada boosted their price objective on shares of Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Select Medical has an average rating of “Moderate Buy” and an average price target of $36.50.

Select Medical Price Performance

Shares of SEM traded up $0.81 during trading hours on Thursday, reaching $39.68. The stock had a trading volume of 44,943 shares, compared to its average volume of 596,935. The stock has a market capitalization of $5.16 billion, a PE ratio of 18.51, a PEG ratio of 1.83 and a beta of 1.43. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50-day moving average is $35.09 and its two-hundred day moving average is $30.57. Select Medical Holdings Co. has a 12 month low of $21.28 and a 12 month high of $39.88.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, May 2nd. The health services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. Research analysts expect that Select Medical Holdings Co. will post 2.1 EPS for the current year.

Select Medical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.26%. Select Medical’s payout ratio is currently 23.81%.

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.