Inspire Investing LLC trimmed its stake in Select Medical Holdings Co. (NYSE:SEM) by 73.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,600 shares of the health services provider’s stock after selling 18,240 shares during the period. Inspire Investing LLC’s holdings in Select Medical were worth $239,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. CIBC Asset Management Inc lifted its stake in shares of Select Medical by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 9,325 shares of the health services provider’s stock worth $337,000 after acquiring an additional 334 shares during the last quarter. Barclays PLC lifted its stake in shares of Select Medical by 70.1% during the 3rd quarter. Barclays PLC now owns 135,348 shares of the health services provider’s stock worth $4,895,000 after acquiring an additional 55,764 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Select Medical by 95.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,639,699 shares of the health services provider’s stock worth $59,308,000 after acquiring an additional 802,471 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in shares of Select Medical by 39.2% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 90,772 shares of the health services provider’s stock worth $4,035,000 after acquiring an additional 25,566 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Select Medical by 72.9% during the 3rd quarter. Mackenzie Financial Corp now owns 240,407 shares of the health services provider’s stock worth $8,696,000 after acquiring an additional 101,338 shares during the last quarter. 76.49% of the stock is owned by hedge funds and other institutional investors.
Shares of SEM stock opened at $28.92 on Friday. Select Medical Holdings Co. has a 52-week low of $25.62 and a 52-week high of $43.60. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $3.88 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.64 and a beta of 1.29. The stock has a 50 day moving average price of $29.83 and a 200 day moving average price of $34.04.
Select Medical (NYSE:SEM) last issued its earnings results on Thursday, November 4th. The health services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.44 billion. Select Medical had a return on equity of 31.74% and a net margin of 7.04%. Select Medical’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. As a group, sell-side analysts forecast that Select Medical Holdings Co. will post 3.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 29th. Shareholders of record on Tuesday, November 16th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Monday, November 15th. Select Medical’s dividend payout ratio (DPR) is presently 15.72%.
About Select Medical
Select Medical Holdings Corp. engages in the provision of medical rehabilitation services. It operates through the following segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation and Concentra. The Critical Illness Recovery Hospital segment serves patients with debilitating injuries and rehabilitation needs that cannot be adequately cared in a medically intensive environment, such as a skilled nursing facility.
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