Sivik Global Healthcare LLC Reduces Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Sivik Global Healthcare LLC trimmed its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 3.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 140,000 shares of the health services provider’s stock after selling 5,000 shares during the period. Select Medical accounts for about 2.1% of Sivik Global Healthcare LLC’s investment portfolio, making the stock its 23rd biggest holding. Sivik Global Healthcare LLC’s holdings in Select Medical were worth $4,882,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Bank of America began coverage on Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $48.00 price objective on shares of Select Medical in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have assigned 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 $40.75.

Select Medical Stock Performance

SEM traded down $0.46 during midday trading on Thursday, reaching $37.74. The company had a trading volume of 14,347 shares, compared to its average volume of 605,481. The company has a market cap of $4.89 billion, a P/E ratio of 17.86, a P/E/G ratio of 2.04 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average of $34.69 and a two-hundred day moving average of $34.64. Select Medical Holdings Co. has a 1 year low of $22.26 and a 1 year high of $40.98.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. As a group, equities research analysts predict that Select Medical Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.32%. Select Medical’s dividend payout ratio (DPR) is 23.36%.

About Select Medical

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.