Argent Capital Management LLC Raises Stock Position in Select Medical Holdings Co. (NYSE:SEM)

Argent Capital Management LLC increased its position in Select Medical Holdings Co. (NYSE:SEM) by 28.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,673 shares of the health services provider’s stock after purchasing an additional 6,758 shares during the period. Argent Capital Management LLC’s holdings in Select Medical were worth $1,070,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in shares of Select Medical by 528.7% during the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after acquiring an additional 645 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Select Medical in the second quarter valued at $35,000. Canada Pension Plan Investment Board acquired a new position in Select Medical in the 2nd quarter valued at $39,000. Fidelis Capital Partners LLC purchased a new stake in Select Medical in the 1st quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Select Medical in the second quarter worth $60,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SEM. Benchmark reissued a “buy” rating and set a $48.00 price target on shares of Select Medical in a report on Friday, September 6th. Bank of America started coverage on Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Select Medical currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Select Medical Stock Performance

Select Medical stock traded down $0.25 during mid-day trading on Thursday, hitting $32.48. 60,059 shares of the company’s stock traded hands, compared to its average volume of 594,572. The firm has a 50 day simple moving average of $34.39 and a two-hundred day simple moving average of $33.80. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 2.03 and a beta of 1.41. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $40.50. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, research analysts expect that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.54%. Select Medical’s payout ratio is 23.92%.

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.