Strs Ohio cut its stake in Select Medical Holdings Corporation (NYSE:SEM) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,800 shares of the health services provider’s stock after selling 3,300 shares during the period. Strs Ohio’s holdings in Select Medical Holdings Corporation were worth $1,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SEM. PNC Financial Services Group Inc. increased its position in Select Medical Holdings Corporation by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after buying an additional 70 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Select Medical Holdings Corporation during the first quarter valued at approximately $123,000. Envestnet Asset Management Inc. increased its position 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 bought a new position in Select Medical Holdings Corporation during the first quarter valued at approximately $143,000. Finally, Everence Capital Management Inc. bought a new position in Select Medical Holdings Corporation during the first quarter valued at approximately $156,000. 79.42% of the stock is currently owned by institutional investors.

Select Medical Holdings Corporation (NYSE SEM) opened at 17.40 on Tuesday. The company has a market capitalization of $2.31 billion, a PE ratio of 27.58 and a beta of 1.45. Select Medical Holdings Corporation has a one year low of $10.20 and a one year high of $18.80. The firm’s 50-day moving average is $16.19 and its 200 day moving average is $14.17.

Select Medical Holdings Corporation (NYSE:SEM) last issued its quarterly 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. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts expect that Select Medical Holdings Corporation will post $0.90 EPS for the current fiscal year.

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SEM has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, August 8th. Benchmark Co. raised their price target on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. BidaskClub raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Deutsche Bank AG raised their price target on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, JMP Securities increased their target price on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.29.

In other Select Medical Holdings Corporation news, insider Michael E. Tarvin sold 35,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $15.25, for a total transaction of $533,750.00. Following the sale, the insider now directly owns 324,137 shares in the company, valued at $4,943,089.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael E. Tarvin sold 7,948 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $15.25, for a total transaction of $121,207.00. Following the sale, the executive vice president now owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock worth $768,517 over the last quarter. Insiders own 19.93% of the company’s stock.

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.

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

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