Brucke Financial Inc. increased its stake in Select Medical Holdings Corporation (NYSE:SEM – Free Report) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,638 shares of the health services provider’s stock after purchasing an additional 898 shares during the quarter. Brucke Financial Inc.’s holdings in Select Medical were worth $207,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Select Medical by 1.5% in 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 purchasing an additional 270,488 shares during the period. Vanguard Group Inc. lifted its holdings in Select Medical by 4.7% in the first quarter. Vanguard Group Inc. now owns 13,316,069 shares of the health services provider’s stock worth $222,378,000 after purchasing an additional 603,079 shares during the period. Principal Financial Group Inc. lifted its holdings in Select Medical by 3.1% in the first quarter. Principal Financial Group Inc. now owns 2,476,816 shares of the health services provider’s stock worth $41,363,000 after purchasing an additional 73,308 shares during the period. Voya Investment Management LLC lifted its holdings in Select Medical by 48.7% in the first quarter. Voya Investment Management LLC now owns 1,507,349 shares of the health services provider’s stock worth $25,173,000 after purchasing an additional 493,983 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in Select Medical by 43.1% in the first quarter. Bridgeway Capital Management LLC now owns 1,068,658 shares of the health services provider’s stock worth $17,847,000 after purchasing an additional 322,035 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
Wall Street Analysts Forecast Growth
SEM has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating and issued a $14.00 price target (down from $15.00) on shares of Select Medical in a report on Monday, August 4th. Royal Bank Of Canada upped their price target on shares of Select Medical from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Select Medical in a report on Wednesday. Finally, Bank of America cut their price target on shares of Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.
Select Medical Price Performance
SEM stock opened at $13.30 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. Select Medical Holdings Corporation has a one year low of $11.65 and a one year high of $40.98. The firm has a market capitalization of $1.65 billion, a PE ratio of 12.55, a P/E/G ratio of 0.55 and a beta of 1.28. The firm has a 50-day moving average of $12.75 and a two-hundred day moving average of $14.49.
Select Medical (NYSE:SEM – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. On average, analysts forecast that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.
Select Medical Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were paid 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 yield of 1.9%. Select Medical’s dividend payout ratio is currently 23.58%.
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.
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