Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lowered its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 64.3% during the fourth quarter, Holdings Channel reports. The fund owned 39,245 shares of the health services provider’s stock after selling 70,796 shares during the quarter. Huber Capital Management LLC’s holdings in Select Medical were worth $740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Select Medical during the 4th quarter worth about $29,556,000. Point72 Asset Management L.P. lifted its stake in shares of Select Medical by 144.2% during the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after buying an additional 1,216,263 shares during the period. Empowered Funds LLC acquired a new stake in Select Medical during the fourth quarter worth approximately $5,903,000. Raymond James Financial Inc. purchased a new stake in Select Medical in the 4th quarter worth approximately $5,858,000. Finally, Barclays PLC raised its holdings in Select Medical by 396.0% in the 3rd quarter. Barclays PLC now owns 192,357 shares of the health services provider’s stock valued at $6,707,000 after acquiring an additional 153,576 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Performance

Shares of NYSE:SEM opened at $16.71 on Thursday. The firm has a market capitalization of $2.15 billion, a PE ratio of 10.13, a P/E/G ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a 12 month low of $16.04 and a 12 month 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 business has a 50-day moving average of $18.22 and a two-hundred day moving average of $24.64.

Select Medical (NYSE:SEM) last announced its quarterly earnings results 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). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.0625 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a yield of 1.50%. Select Medical’s dividend payout ratio is currently 15.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SEM shares. UBS Group decreased their price objective on 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 lowered their price target on Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Benchmark upgraded shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

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.