Wells Fargo & Company MN Acquires 14,026 Shares of Select Medical Holdings Co. (SEM)

Wells Fargo & Company MN boosted its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,531 shares of the health services provider’s stock after purchasing an additional 14,026 shares during the quarter. Wells Fargo & Company MN’s holdings in Select Medical were worth $3,960,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Select Medical by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,836,694 shares of the health services provider’s stock valued at $244,216,000 after acquiring an additional 408,230 shares during the last quarter. Deutsche Bank AG increased its position in Select Medical by 110.0% during the fourth quarter. Deutsche Bank AG now owns 320,618 shares of the health services provider’s stock valued at $5,657,000 after acquiring an additional 167,962 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Select Medical by 30.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 466,951 shares of the health services provider’s stock valued at $8,242,000 after acquiring an additional 107,892 shares during the last quarter. HBK Investments L P increased its position in Select Medical by 666.4% during the fourth quarter. HBK Investments L P now owns 90,800 shares of the health services provider’s stock valued at $1,603,000 after acquiring an additional 78,952 shares during the last quarter. Finally, Paloma Partners Management Co increased its position in Select Medical by 225.0% during the fourth quarter. Paloma Partners Management Co now owns 89,780 shares of the health services provider’s stock valued at $1,585,000 after acquiring an additional 62,152 shares during the last quarter. 75.70% of the stock is currently owned by institutional investors.

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NYSE SEM opened at $18.55 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $2.45 billion, a PE ratio of 19.12, a P/E/G ratio of 1.24 and a beta of 1.34. Select Medical Holdings Co. has a 12 month low of $14.80 and a 12 month high of $19.77.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, May 3rd. The health services provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Select Medical had a net margin of 4.23% and a return on equity of 15.19%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. equities research analysts anticipate that Select Medical Holdings Co. will post 1.05 earnings per share for the current year.

In other news, Chairman Robert A. Ortenzio sold 21,052 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $18.52, for a total value of $389,883.04. Following the transaction, the chairman now directly owns 6,789,748 shares in the company, valued at $125,746,132.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott A. Romberger sold 5,000 shares of the stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $18.63, for a total transaction of $93,150.00. Following the transaction, the insider now owns 158,485 shares in the company, valued at $2,952,575.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 640,931 shares of company stock worth $11,901,380. Company insiders own 19.86% of the company’s stock.

A number of research analysts have weighed in on SEM shares. Zacks Investment Research cut shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine cut shares of Select Medical from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 7th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.63.

About Select Medical

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates acute care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), outpatient rehabilitation clinics, and occupational medicine centers in the United States. The company operates through four segments: Long Term Acute Care, Inpatient Rehabilitation, Outpatient Rehabilitation, and Concentra.

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