45,650 Shares in Select Medical Holdings Co. (NYSE:SEM) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in Select Medical Holdings Co. (NYSE:SEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,650 shares of the health services provider’s stock, valued at approximately $1,592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEM. Hexagon Capital Partners LLC lifted its position in shares of Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after purchasing an additional 645 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Select Medical during the 2nd quarter worth about $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Select Medical during the 2nd quarter worth about $39,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Select Medical in the 2nd quarter valued at about $60,000. Finally, GAMMA Investing LLC raised its position in shares of Select Medical by 52.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock worth $70,000 after acquiring an additional 685 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. StockNews.com downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Bank of America assumed coverage on shares of Select Medical in a research note on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.75.

Select Medical Stock Down 2.4 %

Shares of NYSE:SEM opened at $38.70 on Tuesday. Select Medical Holdings Co. has a 1-year low of $22.26 and a 1-year high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $5.01 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.78 and a beta of 1.42. The firm has a fifty day moving average price of $35.19 and a 200 day moving average price of $35.05.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. Sell-side analysts predict that Select Medical Holdings Co. will post 2.16 EPS for the current year.

Select Medical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.29%. Select Medical’s dividend payout ratio (DPR) is 23.36%.

Select Medical 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.