BlackRock Inc. grew its position in Select Medical Holdings Co. (NYSE:SEM) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,551,990 shares of the health services provider’s stock after purchasing an additional 388,560 shares during the quarter. BlackRock Inc. owned approximately 12.23% of Select Medical worth $254,073,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SEM. Piedmont Investment Advisors Inc. grew its stake in shares of Select Medical by 3.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 25,766 shares of the health services provider’s stock worth $396,000 after acquiring an additional 810 shares during the last quarter. LPL Financial LLC grew its stake in shares of Select Medical by 8.2% in the fourth quarter. LPL Financial LLC now owns 10,980 shares of the health services provider’s stock worth $169,000 after acquiring an additional 836 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Select Medical by 2.4% in the fourth quarter. State of Alaska Department of Revenue now owns 36,186 shares of the health services provider’s stock worth $555,000 after acquiring an additional 859 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Select Medical by 13.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,980 shares of the health services provider’s stock worth $122,000 after acquiring an additional 945 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Select Medical by 20.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,027 shares of the health services provider’s stock worth $93,000 after acquiring an additional 1,017 shares during the last quarter. 76.39% of the stock is currently owned by institutional investors.

SEM opened at $14.16 on Friday. Select Medical Holdings Co. has a fifty-two week low of $13.54 and a fifty-two week high of $21.65. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.32.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, February 21st. The health services provider reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. Select Medical had a net margin of 2.67% and a return on equity of 14.43%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Select Medical Holdings Co. will post 1.08 EPS for the current fiscal year.

SEM has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Select Medical from a “hold” rating to a “sell” rating in a research note on Wednesday, January 9th. ValuEngine downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Credit Suisse Group lowered their price objective on shares of Select Medical from $21.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, January 7th. Finally, Barclays initiated coverage on shares of Select Medical in a research note on Friday, December 14th. They issued an “equal weight” rating and a $20.00 price objective on the stock.

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About Select Medical

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates through four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.

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

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