California State Teachers Retirement System lowered its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 9.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 171,998 shares of the health services provider’s stock after selling 18,345 shares during the period. California State Teachers Retirement System’s holdings in Select Medical were worth $3,302,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SEM. Pacad Investment Ltd. raised its holdings in shares of Select Medical by 58.7% during the 2nd 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Select Medical by 4.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,709 shares of the health services provider’s stock worth $133,000 after buying an additional 396 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Select Medical by 78.0% during the 2nd 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 in the last quarter. Flinton Capital Management LLC grew its position in Select Medical by 75.8% during the 2nd quarter. Flinton Capital Management LLC now owns 9,744 shares of the health services provider’s stock worth $150,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in Select Medical during the 2nd quarter worth $164,000. 77.89% of the stock is owned by institutional investors.

In other Select Medical news, insider Scott A. Romberger sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $17.97, for a total value of $89,850.00. Following the sale, the insider now owns 168,211 shares in the company, valued at approximately $3,022,751.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Martin F. Jackson sold 134,029 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $17.05, for a total value of $2,285,194.45. Following the completion of the sale, the insider now owns 1,717,944 shares in the company, valued at approximately $29,290,945.20. The disclosure for this sale can be found here. Insiders sold a total of 314,455 shares of company stock worth $5,403,144 in the last quarter. Corporate insiders own 19.93% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Bank of America upgraded Select Medical from an “underperform” rating to a “neutral” rating and set a $19.00 price objective on the stock in a research report on Thursday, January 4th. ValuEngine lowered Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and set a $19.00 price objective on shares of Select Medical in a research report on Wednesday, September 13th. Zacks Investment Research lowered Select Medical from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Finally, Robert W. Baird set a $25.00 price objective on Select Medical and gave the stock a “buy” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.43.

Shares of Select Medical Holdings Co. (NYSE SEM) opened at $17.50 on Wednesday. The firm has a market capitalization of $2,340.00, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.18 and a beta of 1.34. Select Medical Holdings Co. has a 52-week low of $12.00 and a 52-week high of $19.77. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 3.36.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, November 2nd. The health services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Select Medical had a net margin of 2.21% and a return on equity of 11.44%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. analysts forecast that Select Medical Holdings Co. will post 0.86 earnings per share for the current fiscal year.

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About Select Medical

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 (NYSE:SEM)

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