Bank of New York Mellon Corp increased its position in Select Medical Holdings Corporation (NYSE:SEM) by 8.7% during the first quarter, Holdings Channel reports. The fund owned 1,508,997 shares of the health services provider’s stock after buying an additional 120,145 shares during the period. Bank of New York Mellon Corp owned 1.14% of Select Medical Holdings Corporation worth $20,146,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Everence Capital Management Inc. bought a new position in shares of Select Medical Holdings Corporation during the first quarter worth about $156,000. State of Alaska Department of Revenue raised its position in shares of 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 worth $158,000 after buying an additional 330 shares during the last quarter. USA Financial Portformulas Corp raised its position in shares of Select Medical Holdings Corporation by 44.2% in the fourth quarter. USA Financial Portformulas Corp now owns 20,295 shares of the health services provider’s stock worth $269,000 after buying an additional 6,218 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Select Medical Holdings Corporation by 2.4% in the fourth quarter. AQR Capital Management LLC now owns 28,061 shares of the health services provider’s stock worth $372,000 after buying an additional 658 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Select Medical Holdings Corporation during the fourth quarter worth about $409,000. Institutional investors own 80.06% of the company’s stock.

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

Select Medical Holdings Corporation (NYSE:SEM) opened at 14.15 on Friday. The company has a 50-day moving average of $13.94 and a 200 day moving average of $13.50. Select Medical Holdings Corporation has a one year low of $10.08 and a one year high of $15.15. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 24.78 and a beta of 1.49.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Financial Market News and is the property of of Financial Market News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.financial-market-news.com/2017/06/17/bank-of-new-york-mellon-corp-boosts-stake-in-select-medical-holdings-corporation-sem.html.

A number of brokerages have recently issued reports on SEM. Zacks Investment Research upgraded shares of Select Medical Holdings Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 2nd. TheStreet upgraded shares of Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. Finally, Benchmark Co. assumed coverage on shares of Select Medical Holdings Corporation in a report on Friday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.50.

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 shares were sold at an average price of $14.37, for a total transaction of $44,934.99. Following the sale, the insider now directly owns 159,084 shares of the company’s stock, valued at approximately $2,286,037.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $1,625,860.50. Following the sale, the insider now directly owns 749,075 shares in the company, valued at $10,494,540.75. The disclosure for this sale can be found here. 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.

Want to see what other hedge funds are holding SEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Medical Holdings Corporation (NYSE:SEM).

Receive News & Ratings for Select Medical Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.