Sivik Global Healthcare LLC Has $5.88 Million Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Sivik Global Healthcare LLC lifted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 30.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 250,000 shares of the health services provider’s stock after acquiring an additional 57,657 shares during the period. Select Medical makes up about 2.5% of Sivik Global Healthcare LLC’s portfolio, making the stock its 20th largest position. Sivik Global Healthcare LLC’s holdings in Select Medical were worth $5,875,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in Select Medical during the 3rd quarter worth $29,000. GAMMA Investing LLC acquired a new position in Select Medical in the fourth quarter valued at about $33,000. Covestor Ltd lifted its position in Select Medical by 74.9% during the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock worth $108,000 after purchasing an additional 1,838 shares during the period. CI Investments Inc. bought a new position in Select Medical in the 3rd quarter valued at about $147,000. Finally, Sigma Planning Corp bought a new stake in shares of Select Medical during the 3rd quarter worth approximately $209,000. Institutional investors own 89.48% of the company’s stock.

Select Medical Price Performance

Shares of NYSE SEM traded up $0.37 during mid-day trading on Tuesday, hitting $28.36. 520,474 shares of the stock traded hands, compared to its average volume of 561,906. Select Medical Holdings Co. has a twelve month low of $21.28 and a twelve month high of $33.51. The firm has a 50 day simple moving average of $28.26 and a two-hundred day simple moving average of $25.80. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $3.64 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37.

Select Medical (NYSE:SEM) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Select Medical Holdings Co. will post 2.03 EPS for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, March 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.76%. Select Medical’s dividend payout ratio (DPR) is presently 26.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $39.00 price objective on shares of Select Medical in a research note on Friday, April 12th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Insider Buying and Selling

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the sale, the chairman now owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 17.50% of the stock is currently owned by insiders.

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.