Point72 Asia Singapore Pte. Ltd. Takes Position in Select Medical Holdings Co. (NYSE:SEM)

Point72 Asia Singapore Pte. Ltd. bought a new position in Select Medical Holdings Co. (NYSE:SEM) during the third quarter, according to its most recent filing with the SEC. The firm bought 8,306 shares of the health services provider’s stock, valued at approximately $290,000.

Several other hedge funds have also bought and sold shares of the business. Hexagon Capital Partners LLC lifted its stake in Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after acquiring an additional 645 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Select Medical during the second quarter valued at about $35,000. Canada Pension Plan Investment Board purchased a new position in Select Medical during the second quarter worth about $39,000. DekaBank Deutsche Girozentrale bought a new stake in Select Medical in the 2nd quarter worth about $60,000. Finally, GAMMA Investing LLC lifted its position in shares of Select Medical by 52.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock worth $70,000 after buying an additional 685 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Insider Buying and Selling at Select Medical

In other Select Medical news, Director Marilyn B. Tavenner sold 32,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $463,980. The trade was a 59.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America started coverage on Select Medical in a research note on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective for the company. Royal Bank of Canada increased their price target on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, November 25th.

Select Medical Trading Down 2.1 %

Shares of Select Medical stock opened at $20.59 on Wednesday. The company has a 50 day simple moving average of $33.53 and a two-hundred day simple moving average of $34.53. The firm has a market cap of $2.67 billion, a PE ratio of 9.62, a PEG ratio of 0.47 and a beta of 1.43. Select Medical Holdings Co. has a 1 year low of $20.00 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.46 EPS. Select Medical’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that Select Medical Holdings Co. will post 1.74 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. Select Medical’s payout ratio is presently 23.36%.

Select Medical Company 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.