Econ Financial Services Corp Makes New $822,000 Investment in Select Medical Holdings Corporation $SEM

Econ Financial Services Corp acquired a new stake in Select Medical Holdings Corporation (NYSE:SEM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 54,174 shares of the health services provider’s stock, valued at approximately $822,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Select Medical by 61.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock valued at $45,000 after acquiring an additional 1,030 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Select Medical during the first quarter worth about $60,000. Advisors Asset Management Inc. boosted its stake in shares of Select Medical by 168.2% in the first quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider’s stock valued at $105,000 after purchasing an additional 3,952 shares during the period. GAMMA Investing LLC grew its holdings in shares of Select Medical by 217.4% in the first quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock valued at $109,000 after purchasing an additional 4,453 shares in the last quarter. Finally, Wealthquest Corp purchased a new stake in Select Medical during the 1st quarter worth approximately $143,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Up 0.2%

Select Medical stock opened at $14.24 on Wednesday. The stock has a market cap of $1.77 billion, a PE ratio of 13.43, a P/E/G ratio of 0.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day moving average is $13.11 and its two-hundred day moving average is $14.24. Select Medical Holdings Corporation has a 1-year low of $11.65 and a 1-year high of $40.98.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm posted $0.60 EPS. The business’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, sell-side analysts expect that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

SEM has been the subject of several recent research reports. Benchmark reissued a “buy” rating on shares of Select Medical in a research report on Monday. UBS Group reiterated a “neutral” rating and issued a $14.00 target price (down from $15.00) on shares of Select Medical in a report on Monday, August 4th. Royal Bank Of Canada boosted their target price on Select Medical from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Bank of America reduced their price target on Select Medical from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Select Medical in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.40.

Select Medical 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.