Select Medical Holdings Corporation $SEM Shares Bought by Argent Capital Management LLC

Argent Capital Management LLC lifted its position in Select Medical Holdings Corporation (NYSE:SEM) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,645 shares of the health services provider’s stock after acquiring an additional 2,487 shares during the quarter. Argent Capital Management LLC’s holdings in Select Medical were worth $860,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Select Medical by 61.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock worth $45,000 after acquiring an additional 1,030 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Select Medical in the 1st quarter worth approximately $60,000. Advisors Asset Management Inc. grew its position in shares of Select Medical by 168.2% in the 1st quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock worth $105,000 after acquiring an additional 3,952 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Select Medical by 217.4% in the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock worth $109,000 after acquiring an additional 4,453 shares in the last quarter. Finally, Wealthquest Corp acquired a new position in shares of Select Medical in the 1st quarter worth approximately $143,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SEM. UBS Group restated a “neutral” rating and set a $14.00 price objective (down previously from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Bank of America reduced their price objective on Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.20.

Select Medical Stock Up 3.0%

SEM opened at $12.73 on Tuesday. Select Medical Holdings Corporation has a one year low of $11.65 and a one year high of $40.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average is $13.13 and its 200-day moving average is $14.84. The company has a market capitalization of $1.58 billion, a PE ratio of 12.01, a P/E/G ratio of 0.50 and a beta of 1.25.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. On average, equities analysts predict that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.0%. Select Medical’s payout ratio is 23.58%.

Select Medical Company Profile

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.