Watershed Asset Management L.L.C. Boosts Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Watershed Asset Management L.L.C. boosted its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,760 shares of the health services provider’s stock after acquiring an additional 814 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in Select Medical were worth $253,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Select Medical by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,005,302 shares of the health services provider’s stock valued at $303,374,000 after acquiring an additional 64,373 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Select Medical by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,387,202 shares of the health services provider’s stock worth $35,055,000 after buying an additional 43,776 shares during the period. Deutsche Bank AG lifted its holdings in shares of Select Medical by 1,015.2% in the 3rd quarter. Deutsche Bank AG now owns 553,306 shares of the health services provider’s stock worth $13,982,000 after buying an additional 503,692 shares during the period. Clough Capital Partners L P lifted its holdings in shares of Select Medical by 16.9% in the 3rd quarter. Clough Capital Partners L P now owns 348,900 shares of the health services provider’s stock worth $8,817,000 after buying an additional 50,400 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Select Medical by 0.9% in the 3rd quarter. Rhumbline Advisers now owns 319,642 shares of the health services provider’s stock worth $8,077,000 after buying an additional 2,926 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Down 1.6 %

Shares of SEM traded down $0.45 during trading hours on Wednesday, hitting $27.72. The company had a trading volume of 444,770 shares, compared to its average volume of 570,359. The company has a market capitalization of $3.56 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32. Select Medical Holdings Co. has a one year low of $21.28 and a one year high of $33.51. The company’s fifty day moving average price is $28.21 and its two-hundred day moving average price is $25.69.

Select Medical (NYSE:SEM) last announced its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company posted $0.22 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts forecast that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, March 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 29th. Select Medical’s dividend payout ratio is currently 26.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and issued a $39.00 target price on shares of Select Medical in a report on Friday, April 12th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.40.

Insider Activity at Select Medical

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $26.00, for a total value of $1,300,000.00. Following the transaction, the chairman now directly owns 6,789,668 shares of the company’s stock, valued at $176,531,368. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.50% of the stock is currently owned by corporate insiders.

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.