LSV Asset Management increased its stake in Select Medical Holdings Corp. (NYSE:SEM) by 4.7% during the third quarter, Holdings Channel reports. The fund owned 4,860,491 shares of the company’s stock after buying an additional 219,200 shares during the period. LSV Asset Management’s holdings in Select Medical Holdings Corp. were worth $65,616,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Select Medical Holdings Corp. by 2,170.5% in the third quarter. JPMorgan Chase & Co. now owns 65,935 shares of the company’s stock valued at $890,000 after buying an additional 63,031 shares during the period. KBC Group NV acquired a new stake in Select Medical Holdings Corp. during the third quarter valued at $1,064,000. Bank of New York Mellon Corp raised its stake in Select Medical Holdings Corp. by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 1,263,598 shares of the company’s stock valued at $17,059,000 after buying an additional 12,794 shares during the period. Victory Capital Management Inc. raised its stake in Select Medical Holdings Corp. by 795.4% in the third quarter. Victory Capital Management Inc. now owns 51,353 shares of the company’s stock valued at $693,000 after buying an additional 45,618 shares during the period. Finally, New Amsterdam Partners LLC NY raised its stake in Select Medical Holdings Corp. by 69.7% in the third quarter. New Amsterdam Partners LLC NY now owns 630,557 shares of the company’s stock valued at $8,513,000 after buying an additional 258,929 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Select Medical Holdings Corp. (NYSE:SEM) opened at 12.80 on Wednesday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 13.62 and a beta of 1.07. Select Medical Holdings Corp. has a 52 week low of $7.33 and a 52 week high of $14.30. The firm has a 50 day moving average of $12.72 and a 200 day moving average of $12.15.

Select Medical Holdings Corp. (NYSE:SEM) last announced its earnings results on Thursday, November 3rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.15 by $0.09. The firm earned $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Select Medical Holdings Corp. had a return on equity of 9.53% and a net margin of 2.91%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. Equities analysts predict that Select Medical Holdings Corp. will post $0.68 earnings per share for the current fiscal year.

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Several research firms recently weighed in on SEM. Zacks Investment Research lowered shares of Select Medical Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. JMP Securities lowered shares of Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, September 28th.

In other Select Medical Holdings Corp. news, insider David S. Chernow sold 50,000 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $13.51, for a total value of $675,500.00. Following the sale, the insider now directly owns 799,075 shares in the company, valued at approximately $10,795,503.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David S. Chernow sold 90,164 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $12.11, for a total transaction of $1,091,886.04. Following the completion of the sale, the insider now owns 1,010,453 shares in the company, valued at $12,236,585.83. The disclosure for this sale can be found here. 19.63% of the stock is currently owned by company insiders.

About Select Medical Holdings Corp.

Select Medical Holdings Corporation is an operator of specialty hospitals and outpatient rehabilitation clinics. The Company, through its contract therapy business, provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites.

5 Day Chart for NYSE:SEM

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