Larson Financial Group LLC Acquires 17,930 Shares of Select Medical Holdings Co. (NYSE:SEM)

Larson Financial Group LLC grew its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,541 shares of the health services provider’s stock after purchasing an additional 17,930 shares during the quarter. Larson Financial Group LLC’s holdings in Select Medical were worth $2,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEM. Quarry LP purchased a new stake in shares of Select Medical in the third quarter worth about $30,000. Smartleaf Asset Management LLC lifted its holdings in shares of Select Medical by 179.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock worth $43,000 after buying an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Medical in the third quarter worth about $81,000. Vista Finance LLC purchased a new stake in shares of Select Medical in the fourth quarter worth about $193,000. Finally, Virtu Financial LLC purchased a new stake in shares of Select Medical in the third quarter worth about $210,000. Institutional investors own 89.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SEM shares. Royal Bank of Canada lowered their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, February 24th. UBS Group lowered their target price on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Select Medical currently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Select Medical Trading Down 1.4 %

Shares of SEM opened at $17.92 on Friday. The firm’s 50 day simple moving average is $18.94 and its 200 day simple moving average is $26.92. The company has a market capitalization of $2.31 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.64 and a beta of 1.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. Select Medical Holdings Co. has a 1-year low of $16.20 and a 1-year high of $40.98.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. Sell-side analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

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.