Net Worth Advisory Group Buys New Shares in Select Medical Holdings Co. (NYSE:SEM)

Net Worth Advisory Group purchased a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,338 shares of the health services provider’s stock, valued at approximately $465,000.

A number of other hedge funds also recently made changes to their positions in SEM. Creative Planning increased its holdings in shares of Select Medical by 10.6% during the 3rd quarter. Creative Planning now owns 17,441 shares of the health services provider’s stock worth $608,000 after buying an additional 1,665 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Select Medical by 10.2% during the third quarter. Wedge Capital Management L L P NC now owns 71,124 shares of the health services provider’s stock worth $2,480,000 after acquiring an additional 6,580 shares during the last quarter. Inspire Investing LLC raised its holdings in Select Medical by 18.6% in the third quarter. Inspire Investing LLC now owns 11,903 shares of the health services provider’s stock valued at $415,000 after buying an additional 1,864 shares during the period. Kesler Norman & Wride LLC acquired a new position in Select Medical in the 3rd quarter worth $394,000. Finally, GAMMA Investing LLC grew its position in shares of Select Medical by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SEM. Bank of America assumed coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $48.00 price objective on shares of Select Medical in a report on Friday, September 6th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Select Medical Price Performance

NYSE SEM opened at $34.23 on Friday. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 2.09 and a beta of 1.41. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50 day simple moving average of $34.37 and a 200-day simple moving average of $33.73. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. Select Medical’s dividend payout ratio is 23.81%.

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.