Select Medical Holdings Corporation (SEM) Position Lowered by Boston Partners

Boston Partners decreased its position in Select Medical Holdings Corporation (NYSE:SEM) by 48.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 832,047 shares of the health services provider’s stock after selling 770,386 shares during the quarter. Boston Partners owned approximately 0.63% of Select Medical Holdings Corporation worth $15,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SEM. BlackRock Inc. raised its holdings in Select Medical Holdings Corporation by 49,224.7% in the first quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock worth $181,847,000 after purchasing an additional 13,593,900 shares in the last quarter. Vanguard Group Inc. raised its holdings in Select Medical Holdings Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 9,560,777 shares of the health services provider’s stock worth $127,637,000 after purchasing an additional 528,762 shares in the last quarter. Voya Investment Management LLC raised its holdings in Select Medical Holdings Corporation by 24.5% in the second quarter. Voya Investment Management LLC now owns 1,850,668 shares of the health services provider’s stock worth $28,407,000 after purchasing an additional 364,721 shares in the last quarter. Northern Trust Corp raised its holdings in Select Medical Holdings Corporation by 14.6% in the second quarter. Northern Trust Corp now owns 2,325,289 shares of the health services provider’s stock worth $35,694,000 after purchasing an additional 296,087 shares in the last quarter. Finally, Sirios Capital Management L P bought a new position in Select Medical Holdings Corporation in the second quarter worth $3,180,000. Institutional investors and hedge funds own 78.33% of the company’s stock.

A number of equities analysts have issued reports on SEM shares. BidaskClub downgraded Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird upgraded Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $15.00 to $21.00 in a report on Monday, August 7th. Benchmark Co. increased their price objective on Select Medical Holdings Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Deutsche Bank AG increased their price objective on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, JMP Securities increased their price objective on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.50.

COPYRIGHT VIOLATION WARNING: “Select Medical Holdings Corporation (SEM) Position Lowered by Boston Partners” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/11/14/select-medical-holdings-corporation-sem-position-lowered-by-boston-partners.html.

Shares of Select Medical Holdings Corporation (SEM) opened at $17.35 on Tuesday. Select Medical Holdings Corporation has a 12 month low of $12.00 and a 12 month high of $19.77. The company has a market capitalization of $2,268.33, a price-to-earnings ratio of 21.46, a PEG ratio of 1.32 and a beta of 1.40. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 3.36.

Select Medical Holdings Corporation (NYSE:SEM) last released its earnings results on Thursday, November 2nd. The health services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Select Medical Holdings Corporation had a return on equity of 11.44% and a net margin of 2.21%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $0.06 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. equities research analysts anticipate that Select Medical Holdings Corporation will post 0.86 EPS for the current year.

In other news, insider Michael E. Tarvin sold 18,500 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $18.97, for a total value of $350,945.00. Following the sale, the insider now directly owns 340,044 shares of the company’s stock, valued at $6,450,634.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David S. Chernow sold 133,025 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.85, for a total value of $2,374,496.25. Following the completion of the sale, the insider now directly owns 729,815 shares in the company, valued at $13,027,197.75. The disclosure for this sale can be found here. Corporate insiders own 19.93% of the company’s stock.

Select Medical Holdings Corporation 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.

Want to see what other hedge funds are holding SEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Medical Holdings Corporation (NYSE:SEM).

Institutional Ownership by Quarter for Select Medical Holdings Corporation (NYSE:SEM)

Receive News & Ratings for Select Medical Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply