State Street Corp increased its position in Select Medical Holdings Co. (NYSE:SEM) by 12.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,610,331 shares of the health services provider’s stock after buying an additional 288,749 shares during the period. State Street Corp owned 1.97% of Select Medical Holdings worth $34,590,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of Select Medical Holdings by 53.1% in the third quarter. Acrospire Investment Management LLC now owns 8,363 shares of the health services provider’s stock worth $113,000 after buying an additional 2,900 shares during the last quarter. USA Financial Portformulas Corp bought a new position in shares of Select Medical Holdings during the third quarter worth approximately $190,000. Aperio Group LLC boosted its position in shares of Select Medical Holdings by 17.7% in the third quarter. Aperio Group LLC now owns 15,944 shares of the health services provider’s stock worth $215,000 after buying an additional 2,395 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Select Medical Holdings by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 23,430 shares of the health services provider’s stock worth $316,000 after buying an additional 350 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new position in shares of Select Medical Holdings during the third quarter worth approximately $327,000. Institutional investors own 82.32% of the company’s stock.
Shares of Select Medical Holdings Co. (NYSE:SEM) traded up 0.554% during trading on Friday, reaching $13.625. The company’s stock had a trading volume of 275,731 shares. Select Medical Holdings Co. has a 52-week low of $10.08 and a 52-week high of $15.15. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 15.661 and a beta of 1.06. The stock’s 50 day moving average price is $13.13 and its 200-day moving average price is $13.19.
Select Medical Holdings (NYSE:SEM) last released its earnings results on Thursday, February 23rd. The health services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Select Medical Holdings had a return on equity of 9.53% and a net margin of 2.91%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $0.22 EPS. The firm’s revenue was up .7% on a year-over-year basis. Equities analysts anticipate that Select Medical Holdings Co. will post $0.85 EPS for the current year.
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A number of research analysts have issued reports on the company. TheStreet cut Select Medical Holdings from a “b-” rating to a “c+” rating in a research report on Friday, February 10th. Zacks Investment Research upgraded Select Medical Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, April 4th. Benchmark Co. assumed coverage on Select Medical Holdings in a research report on Friday, March 31st. They issued a “buy” rating and a $16.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Select Medical Holdings in a research report on Tuesday, January 3rd. Finally, Wells Fargo & Co lowered Select Medical Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.50.
In other Select Medical Holdings news, insider Scott A. Romberger sold 4,000 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $14.52, for a total transaction of $58,080.00. Following the sale, the insider now directly owns 162,211 shares of the company’s stock, valued at approximately $2,355,303.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.63% of the stock is owned by corporate insiders.
Select Medical Holdings Company Profile
Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.
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