Foundry Partners LLC Cuts Stake in Select Medical Holdings Corporation (SEM)

Foundry Partners LLC decreased its holdings in Select Medical Holdings Corporation (NYSE:SEM) by 17.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 647,430 shares of the health services provider’s stock after selling 136,539 shares during the period. Foundry Partners LLC owned approximately 0.49% of Select Medical Holdings Corporation worth $12,431,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SEM. Russell Investments Group Ltd. boosted its stake in shares of Select Medical Holdings Corporation by 27.2% in the 1st quarter. Russell Investments Group Ltd. now owns 38,781 shares of the health services provider’s stock valued at $518,000 after purchasing an additional 8,290 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Select Medical Holdings Corporation by 2.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 92,573 shares of the health services provider’s stock valued at $1,236,000 after purchasing an additional 2,500 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Select Medical Holdings Corporation in the 1st quarter valued at $249,000. Envestnet Asset Management Inc. boosted its stake in shares of Select Medical Holdings Corporation by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after purchasing an additional 107 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Select Medical Holdings Corporation by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 198,689 shares of the health services provider’s stock valued at $2,652,000 after purchasing an additional 9,213 shares in the last quarter. 78.94% of the stock is owned by institutional investors.

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A number of brokerages have recently issued reports on SEM. ValuEngine cut shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Select Medical Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Robert W. Baird set a $25.00 price target on shares of Select Medical Holdings Corporation and gave the company a “buy” rating in a research report on Monday, October 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Select Medical Holdings Corporation in a research report on Friday, October 13th. Finally, JMP Securities increased their price target on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.14.

In other news, insider Michael E. Tarvin sold 18,500 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $18.97, for a total transaction of $350,945.00. Following the completion of the sale, the insider now directly owns 340,044 shares of the company’s stock, valued at $6,450,634.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David S. Chernow sold 133,025 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $17.85, for a total transaction of $2,374,496.25. Following the sale, the insider now directly owns 729,815 shares of the company’s stock, valued at $13,027,197.75. The disclosure for this sale can be found here. 19.93% of the stock is owned by insiders.

Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings data on Thursday, November 2nd. The health services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.10). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share.

About Select Medical Holdings Corporation

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

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

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