South Dakota Investment Council Reduces Holdings in Select Medical Holdings Corporation $SEM

South Dakota Investment Council decreased its position in Select Medical Holdings Corporation (NYSE:SEM) by 46.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 44,556 shares of the health services provider’s stock after selling 38,900 shares during the period. South Dakota Investment Council’s holdings in Select Medical were worth $726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in Select Medical by 7,554.6% during the 1st quarter. Hsbc Holdings PLC now owns 2,245,163 shares of the health services provider’s stock valued at $36,596,000 after buying an additional 2,215,832 shares during the period. 8 Knots Management LLC purchased a new position in shares of Select Medical in the second quarter valued at about $26,568,000. Polar Asset Management Partners Inc. bought a new position in shares of Select Medical during the first quarter valued at about $22,806,000. Millennium Management LLC boosted its holdings in shares of Select Medical by 407.9% during the third quarter. Millennium Management LLC now owns 1,590,339 shares of the health services provider’s stock worth $20,420,000 after purchasing an additional 1,277,233 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Select Medical in the fourth quarter worth about $17,603,000. 89.48% of the stock is currently owned by institutional investors.

Select Medical Price Performance

Shares of NYSE SEM opened at $16.51 on Friday. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $16.99. The stock has a market capitalization of $2.05 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.95 and a beta of 1.01. The company’s 50-day moving average is $16.54 and its 200 day moving average is $16.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.15 and a quick ratio of 1.15.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, April 30th. The health services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.07). Select Medical had a net margin of 2.42% and a return on equity of 6.62%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts expect that Select Medical Holdings Corporation will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings raised Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Zacks Research upgraded Select Medical from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Mizuho reissued a “neutral” rating and set a $16.50 target price (down from $17.00) on shares of Select Medical in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.50.

Select Medical Profile

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.