Linden Thomas Advisory Services LLC Buys 1,750 Shares of Select Medical Holdings Co. (NYSE:SEM)

Linden Thomas Advisory Services LLC grew its stake in shares of Select Medical Holdings Co. (NYSE:SEM) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,429 shares of the health services provider’s stock after acquiring an additional 1,750 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Select Medical were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC purchased a new position in Select Medical in the third quarter worth about $25,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Select Medical in the third quarter worth approximately $29,000. Covestor Ltd grew its position in Select Medical by 74.9% during the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock valued at $108,000 after buying an additional 1,838 shares during the period. CI Investments Inc. purchased a new stake in Select Medical during the third quarter valued at approximately $147,000. Finally, Sigma Planning Corp bought a new position in Select Medical in the third quarter worth approximately $209,000. Institutional investors own 89.48% of the company’s stock.

Insider Buying and Selling

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $26.00, for a total value of $1,300,000.00. Following the sale, the chairman now owns 6,789,668 shares in the company, valued at approximately $176,531,368. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on SEM shares. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark restated a “buy” rating and issued a $39.00 price target on shares of Select Medical in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.40.

Select Medical Trading Up 0.2 %

Shares of Select Medical stock opened at $27.44 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day moving average of $28.24 and a 200 day moving average of $25.74. The company has a market capitalization of $3.52 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.08 and a beta of 1.37. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51.

Select Medical (NYSE:SEM) last released its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $0.22 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 29th. Select Medical’s dividend payout ratio (DPR) is presently 26.18%.

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.