Kingsview Wealth Management LLC Takes $1.93 Million Position in Select Medical Holdings Co. (NYSE:SEM)

Kingsview Wealth Management LLC purchased a new position in Select Medical Holdings Co. (NYSE:SEM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 55,262 shares of the health services provider’s stock, valued at approximately $1,927,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Select Medical by 5.3% in 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 in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Select Medical by 12.9% in 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. CANADA LIFE ASSURANCE Co increased its stake in Select Medical by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 98,657 shares of the health services provider’s stock valued at $2,972,000 after purchasing an additional 3,594 shares during the last quarter. BOKF NA acquired a new stake in shares of Select Medical during the first quarter worth $262,000. Finally, Tidal Investments LLC bought a new position in shares of Select Medical in the 1st quarter worth about $467,000. 89.48% of the stock is owned by institutional investors.

Select Medical Price Performance

Shares of NYSE:SEM opened at $38.70 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $35.19 and its two-hundred day moving average is $35.05. The firm has a market capitalization of $5.01 billion, a P/E ratio of 18.08, a PEG ratio of 1.78 and a beta of 1.42. Select Medical Holdings Co. has a 52 week low of $22.26 and a 52 week high of $40.98.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that Select Medical Holdings Co. will post 2.16 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.29%. Select Medical’s payout ratio is 23.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEM. Benchmark downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. StockNews.com lowered Select Medical from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Bank of America initiated coverage on Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.75.

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.