Voya Investment Management LLC boosted its holdings in shares of Select Medical Holdings Corporation (NYSE:SEM) by 24.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,850,668 shares of the health services provider’s stock after buying an additional 364,721 shares during the quarter. Voya Investment Management LLC owned 1.39% of Select Medical Holdings Corporation worth $28,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SEM. PNC Financial Services Group Inc. raised its position in Select Medical Holdings Corporation by 0.8% during the 1st 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 last quarter. Pacad Investment Ltd. raised its position in Select Medical Holdings Corporation 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 during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Select Medical Holdings Corporation during the 1st quarter worth approximately $123,000. Envestnet Asset Management Inc. raised its position in Select Medical Holdings Corporation by 1.2% during the 1st 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 last quarter. Finally, Riverhead Capital Management LLC raised its position in Select Medical Holdings Corporation 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 during the last quarter. 79.01% of the stock is owned by institutional investors.

In related news, insider David S. Chernow sold 133,025 shares of the stock in a transaction on 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 directly owns 729,815 shares of the company’s stock, valued at $13,027,197.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 19.93% of the stock is owned by company insiders.

Select Medical Holdings Corporation (NYSE:SEM) opened at 19.20 on Friday. Select Medical Holdings Corporation has a 12-month low of $10.20 and a 12-month high of $19.60. The stock’s 50 day moving average is $17.42 and its 200 day moving average is $14.98. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.43 and a beta of 1.44.

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 for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Select Medical Holdings Corporation will post $0.90 EPS for the current fiscal year.

A number of equities analysts have issued reports on SEM shares. BidaskClub raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Robert W. Baird raised shares of Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $15.00 to $21.00 in a report on Monday, August 7th. Benchmark Co. lifted their target price on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG lifted their target price on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Select Medical Holdings Corporation currently has an average rating of “Hold” and a consensus price target of $17.57.

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Select Medical Holdings Corporation 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.

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

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