18,119 Shares in Select Medical Holdings Co. (NYSE:SEM) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Select Medical Holdings Co. (NYSE:SEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,119 shares of the health services provider’s stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SEM. Quarry LP purchased a new stake in Select Medical in the 3rd quarter worth $30,000. Smartleaf Asset Management LLC grew 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 valued at $43,000 after purchasing an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Select Medical in the 3rd quarter worth about $81,000. Cibc World Markets Corp purchased a new stake in Select Medical during the fourth quarter valued at approximately $191,000. Finally, Vista Finance LLC purchased a new stake in Select Medical during the 4th quarter valued at $193,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Stock Down 1.1 %

SEM stock opened at $16.52 on Wednesday. The stock has a market capitalization of $2.13 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a 52 week low of $15.97 and a 52 week high of $40.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of $18.28 and a 200 day moving average of $24.70.

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

Select Medical Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is 15.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SEM. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, February 24th. UBS Group dropped their target price on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reduced their price target on Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

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.