Camber Capital Management buys $74,408,750 stake in Select Medical Holdings Corporation (SEM)

Select Medical Holdings Corporation (SEM) : Camber Capital Management scooped up 450,000 additional shares in Select Medical Holdings Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 6,025,000 shares of Select Medical Holdings Corporation which is valued at $74,408,750.Select Medical Holdings Corporation makes up approximately 4.90% of Camber Capital Management’s portfolio.

Other Hedge Funds, Including , Group One Trading added SEM to its portfolio by purchasing 3,600 company shares during the most recent quarter which is valued at $44,460.Acrospire Investment Management boosted its stake in SEM in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 8,363 shares of Select Medical Holdings Corporation which is valued at $97,847. Select Medical Holdings Corporation makes up approx 0.07% of Acrospire Investment Management’s portfolio.Boston Partners boosted its stake in SEM in the latest quarter, The investment management firm added 87,661 additional shares and now holds a total of 1,571,159 shares of Select Medical Holdings Corporation which is valued at $18,146,886. Select Medical Holdings Corporation makes up approx 0.03% of Boston Partners’s portfolio.Blackrock Advisors boosted its stake in SEM in the latest quarter, The investment management firm added 6,377 additional shares and now holds a total of 55,915 shares of Select Medical Holdings Corporation which is valued at $643,023.

Select Medical Holdings Corporation opened for trading at $12.55 and hit $12.9 on the upside on Monday, eventually ending the session at $12.85, with a gain of 3.21% or 0.4 points. The heightened volatility saw the trading volume jump to 6,48,611 shares. Company has a market cap of $1,700 M.

On the company’s financial health, Select Medical Holdings Corporation reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.15. The company had revenue of $1053.80 million for the quarter, compared to analysts expectations of $1058.67 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Select Medical Holdings Corporation. Select Medical Holdings Corporation was Downgraded by JMP Securities to ” Mkt Underperform” on Sep 28, 2016.

Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States based on number of facilities. The Company operates in two business segments: specialty hospital segment and outpatient rehabilitation segment. The Company specialty hospital segment consists of hospitals designed to serve the needs of long term stay acute care patients and hospitals designed to serve patients who require intensive inpatient medical rehabilitation care. The Company outpatient rehabilitation segment consists of clinics and contract therapy locations that provide physical occupational and speech rehabilitation services. The Company also provides medical rehabilitation services on a contract basis at nursing homes hospitals assisted living and senior care centers schools and worksites. As of December 31 2014 the Company had operations in 41 states and the District of Columbia.

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