Alliancebernstein L.P. decreased its stake in Select Medical Holdings Corporation (NYSE:SEM) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,988 shares of the health services provider’s stock after selling 9,200 shares during the period. Alliancebernstein L.P.’s holdings in Select Medical Holdings Corporation were worth $2,109,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in Select Medical Holdings Corporation during the first quarter valued at about $123,000. Envestnet Asset Management Inc. boosted its stake in Select Medical Holdings Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after buying an additional 107 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Select Medical Holdings Corporation during the first quarter valued at about $143,000. Everence Capital Management Inc. acquired a new stake in Select Medical Holdings Corporation during the first quarter valued at about $156,000. Finally, State of Alaska Department of Revenue boosted its stake in Select Medical Holdings Corporation by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 11,860 shares of the health services provider’s stock valued at $158,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 79.66% of the company’s stock.

Select Medical Holdings Corporation (NYSE:SEM) opened at 16.00 on Tuesday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 28.02 and a beta of 1.44. The company’s 50-day moving average price is $14.16 and its 200-day moving average price is $13.65. Select Medical Holdings Corporation has a 52 week low of $10.20 and a 52 week high of $16.30.

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SEM has been the subject of several research analyst reports. TheStreet upgraded Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. Zacks Investment Research upgraded Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, April 4th. Benchmark Co. initiated coverage on Select Medical Holdings Corporation in a research report on Friday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Finally, BidaskClub upgraded Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Select Medical Holdings Corporation has an average rating of “Hold” and an average price target of $13.60.

In other Select Medical Holdings Corporation news, insider Scott A. Romberger sold 3,127 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $14.37, for a total transaction of $44,934.99. Following the completion of the sale, the insider now directly owns 159,084 shares in the company, valued at approximately $2,286,037.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David S. Chernow sold 116,050 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.01, for a total value of $1,625,860.50. Following the sale, the insider now owns 749,075 shares of the company’s stock, valued at $10,494,540.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 166,625 shares of company stock valued at $2,394,377. 19.93% of the stock is owned by company insiders.

Select Medical Holdings Corporation Company Profile

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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