Lazard Asset Management LLC Has $78,000 Holdings in Select Medical Holdings Co. (NYSE:SEM)

Lazard Asset Management LLC increased its stake in Select Medical Holdings Co. (NYSE:SEMGet Rating) by 58.0% in the second quarter, Holdings Channel.com reports. The firm owned 3,332 shares of the health services provider’s stock after purchasing an additional 1,223 shares during the quarter. Lazard Asset Management LLC’s holdings in Select Medical were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEM. Mutual of America Capital Management LLC boosted its stake in Select Medical by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,271 shares of the health services provider’s stock worth $366,000 after purchasing an additional 792 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Select Medical by 18.9% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 109,024 shares of the health services provider’s stock worth $2,615,000 after purchasing an additional 17,329 shares during the period. Envestnet Asset Management Inc. boosted its stake in Select Medical by 26.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 109,735 shares of the health services provider’s stock worth $2,633,000 after purchasing an additional 22,708 shares during the period. Victory Capital Management Inc. boosted its stake in Select Medical by 30.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,323,027 shares of the health services provider’s stock worth $31,674,000 after purchasing an additional 309,799 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Select Medical by 1,084.5% in the 1st quarter. Russell Investments Group Ltd. now owns 102,497 shares of the health services provider’s stock valued at $2,457,000 after purchasing an additional 93,844 shares during the period. 79.12% of the stock is owned by institutional investors and hedge funds.

Select Medical Trading Up 0.2 %

NYSE:SEM opened at $23.74 on Thursday. The company has a fifty day moving average of $23.80 and a 200 day moving average of $25.00. Select Medical Holdings Co. has a 52 week low of $18.86 and a 52 week high of $30.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $3.01 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.17 and a beta of 1.38.

Select Medical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Wednesday, November 16th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. Select Medical’s dividend payout ratio is currently 36.23%.

Analyst Ratings Changes

SEM has been the subject of a number of research reports. TheStreet cut shares of Select Medical from a “b” rating to a “c+” rating in a report on Wednesday, November 16th. Royal Bank of Canada reduced their price objective on shares of Select Medical from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, November 7th. Benchmark cut their price objective on shares of Select Medical to $39.00 in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Select Medical from $44.00 to $35.00 in a research note on Monday, November 7th. Finally, StockNews.com began coverage on shares of Select Medical in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

About Select Medical

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Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. The company's Critical Illness Recovery Hospital segment consists of hospitals that provide services for heart failure, infectious disease, respiratory failure and pulmonary disease, surgery requiring prolonged recovery, renal disease, neurological events, and trauma.

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

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