Select Medical Holdings Corporation $SEM Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Select Medical Holdings Corporation (NYSE:SEM) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,982 shares of the health services provider’s stock after purchasing an additional 25,583 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Select Medical were worth $1,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Select Medical by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,755,298 shares of the health services provider’s stock worth $296,515,000 after acquiring an additional 270,488 shares during the last quarter. Vanguard Group Inc. boosted its position in Select Medical by 4.7% during the first quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider’s stock worth $222,378,000 after acquiring an additional 603,079 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Select Medical by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,476,816 shares of the health services provider’s stock valued at $41,363,000 after purchasing an additional 73,308 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Select Medical by 48.7% in the 1st quarter. Voya Investment Management LLC now owns 1,507,349 shares of the health services provider’s stock valued at $25,173,000 after purchasing an additional 493,983 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Select Medical by 43.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,068,658 shares of the health services provider’s stock valued at $17,847,000 after purchasing an additional 322,035 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Performance

Select Medical stock opened at $14.24 on Friday. Select Medical Holdings Corporation has a 12-month low of $11.65 and a 12-month high of $40.98. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth 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 firm’s fifty day moving average price is $13.16 and its 200 day moving average price is $14.23.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, October 30th. The health services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Select Medical has set its FY 2025 guidance at 1.140-1.240 EPS. On average, research analysts forecast that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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