Foundry Partners LLC Raises Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Foundry Partners LLC boosted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 6.0% in the fourth quarter, HoldingsChannel reports. The fund owned 260,729 shares of the health services provider’s stock after purchasing an additional 14,869 shares during the quarter. Foundry Partners LLC’s holdings in Select Medical were worth $4,915,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SEM. LPL Financial LLC increased its holdings in shares of Select Medical by 2.0% during the fourth quarter. LPL Financial LLC now owns 31,441 shares of the health services provider’s stock valued at $593,000 after acquiring an additional 619 shares in the last quarter. Quarry LP acquired a new position in Select Medical during the 3rd quarter valued at approximately $30,000. Sippican Capital Advisors raised its holdings in shares of Select Medical by 7.3% in the fourth quarter. Sippican Capital Advisors now owns 13,354 shares of the health services provider’s stock worth $252,000 after buying an additional 912 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Select Medical by 2.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,719 shares of the health services provider’s stock worth $1,069,000 after buying an additional 1,234 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Select Medical by 179.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after acquiring an additional 1,473 shares during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Select Medical Stock Down 2.2 %

Shares of SEM stock opened at $15.83 on Friday. Select Medical Holdings Co. has a twelve month low of $15.40 and a twelve month high of $40.98. The stock has a market cap of $2.04 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.64 and a beta of 1.56. The stock has a 50 day moving average of $18.09 and a 200 day moving average of $24.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

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

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.58%. Select Medical’s dividend payout ratio is presently 15.15%.

Wall Street Analysts Forecast Growth

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