Parametrica Management Ltd bought a new position in shares of Select Medical Holdings Corporation (NYSE:SEM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,005 shares of the health services provider’s stock, valued at approximately $653,000.

A number of other hedge funds also recently made changes to their positions in SEM. PNC Financial Services Group Inc. boosted its stake in Select Medical Holdings Corporation by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock worth $111,000 after buying an additional 70 shares during the period. Pacad Investment Ltd. boosted its stake in Select Medical Holdings Corporation by 58.7% during the second quarter. Pacad Investment Ltd. now owns 7,300 shares of the health services provider’s stock worth $112,000 after buying an additional 2,700 shares during the period. Envestnet Asset Management Inc. boosted its stake in Select Medical Holdings Corporation by 1.2% during the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock worth $125,000 after buying an additional 107 shares during the period. Riverhead Capital Management LLC boosted its stake in Select Medical Holdings Corporation by 78.0% during the second quarter. Riverhead Capital Management LLC now owns 8,722 shares of the health services provider’s stock worth $134,000 after buying an additional 3,822 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in Select Medical Holdings Corporation by 75.8% during the second quarter. Flinton Capital Management LLC now owns 9,744 shares of the health services provider’s stock worth $150,000 after buying an additional 4,200 shares during the period. 78.94% of the stock is owned by institutional investors.

In other news, insider David S. Chernow sold 133,025 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $17.85, for a total transaction of $2,374,496.25. Following the completion of the sale, the insider now owns 729,815 shares in the company, valued at approximately $13,027,197.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.93% of the stock is currently owned by insiders.

Several research analysts have weighed in on SEM shares. ValuEngine raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $21.00 target price on shares of Select Medical Holdings Corporation in a research note on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Select Medical Holdings Corporation in a research note on Friday, October 13th. Finally, BidaskClub lowered shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.14.

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Shares of Select Medical Holdings Corporation (NYSE SEM) traded up 0.919% during mid-day trading on Tuesday, hitting $19.225. 257,710 shares of the stock traded hands. The company has a market cap of $2.56 billion, a P/E ratio of 30.468 and a beta of 1.42. Select Medical Holdings Corporation has a one year low of $10.20 and a one year high of $19.78. The stock has a 50 day moving average price of $18.50 and a 200-day moving average price of $16.15.

Select Medical Holdings Corporation (NYSE:SEM) last issued its earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that Select Medical Holdings Corporation will post $0.88 earnings per share for the current fiscal year.

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.

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

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