Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its stake in shares of Select Medical Holdings Co. (NYSE:SEMGet Rating) by 17.2% during the first quarter, HoldingsChannel reports. The firm owned 245,532 shares of the health services provider’s stock after selling 51,073 shares during the quarter. Great Lakes Advisors LLC’s holdings in Select Medical were worth $5,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SEM. First Quadrant LLC CA acquired a new stake in shares of Select Medical in the first quarter worth $35,000. Emerald Advisers LLC acquired a new stake in shares of Select Medical in the fourth quarter worth $71,000. Advisor Group Holdings Inc. increased its stake in shares of Select Medical by 91.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,441 shares of the health services provider’s stock worth $131,000 after acquiring an additional 2,125 shares during the period. Alterna Wealth Management Inc. acquired a new stake in shares of Select Medical in the fourth quarter worth $202,000. Finally, Brinker Capital Investments LLC acquired a new stake in shares of Select Medical in the fourth quarter worth $279,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Select Medical Stock Performance

Shares of NYSE SEM opened at $28.27 on Friday. The company’s fifty day moving average price is $25.64 and its 200 day moving average price is $24.38. Select Medical Holdings Co. has a 1 year low of $21.40 and a 1 year high of $40.20. The company has a market capitalization of $3.69 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.05 and a current ratio of 1.05.

Select Medical (NYSE:SEMGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The health services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.08). The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Select Medical had a return on equity of 24.70% and a net margin of 5.45%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $1.22 earnings per share. On average, research analysts predict that Select Medical Holdings Co. will post 2.18 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Credit Suisse Group cut their price objective on shares of Select Medical to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 17th.

Select Medical Company Profile

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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. The company's Critical Illness Recovery Hospital segment consists of hospitals that provide services for heart failure, infectious disease, respiratory failure and pulmonary disease, surgery requiring prolonged recovery, renal disease, neurological events, and trauma.

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Institutional Ownership by Quarter for Select Medical (NYSE:SEM)

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