Short Interest in Select Medical Holdings Corporation (NYSE:SEM) Declines By 52.1%

Select Medical Holdings Corporation (NYSE:SEM) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,154,445 shares, a drop of 52.1% from the June 15th total of 2,409,477 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 5,948,257 shares, the days-to-cover ratio is currently 0.2 days.

Select Medical Price Performance

SEM remained flat at $16.51 on Wednesday. Select Medical has a 1 year low of $11.65 and a 1 year high of $16.99. The company has a market cap of $2.05 billion, a P/E ratio of 15.58, a PEG ratio of 0.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day simple moving average of $16.53 and a 200-day simple moving average of $16.06.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, April 30th. The health services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Select Medical had a net margin of 2.42% and a return on equity of 6.62%. Select Medical’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. As a group, sell-side analysts anticipate that Select Medical will post 1.26 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Select Medical’s dividend payout ratio (DPR) is 23.58%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dana Investment Advisors Inc. increased its stake in Select Medical by 29.3% during the 4th quarter. Dana Investment Advisors Inc. now owns 678,545 shares of the health services provider’s stock worth $10,076,000 after buying an additional 153,924 shares in the last quarter. CSM Advisors LLC lifted its position in shares of Select Medical by 32.0% in the third quarter. CSM Advisors LLC now owns 298,961 shares of the health services provider’s stock valued at $3,840,000 after acquiring an additional 72,546 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Select Medical by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 554,203 shares of the health services provider’s stock worth $7,116,000 after acquiring an additional 109,788 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Select Medical during the third quarter worth approximately $1,466,000. Finally, Western Standard LLC raised its stake in Select Medical by 95.6% in the 4th quarter. Western Standard LLC now owns 2,064,021 shares of the health services provider’s stock valued at $30,651,000 after purchasing an additional 1,008,664 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SEM shares. Mizuho restated a “neutral” rating and issued a $16.50 price target (down from $17.00) on shares of Select Medical in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Select Medical from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.50.

About Select Medical

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.