As Hess (HES) Shares Rose, Central Securities Increased Position by $4.23 Million; As Select Med Hldgs (SEM) Stock Value Rose, Brigade Capital Management LP Cut Position

May 4, 2018 - By Marie Mckinney

Select Medical Holdings Corporation (NYSE:SEM) Logo

Central Securities Corp increased its stake in Hess Corp (HES) by 19.15% based on its latest 2017Q4 regulatory filing with the SEC. Central Securities Corp bought 90,000 shares as the company’s stock rose 6.08% while stock markets declined. The institutional investor held 560,000 shares of the integrated oil company at the end of 2017Q4, valued at $26.58M, up from 470,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Hess Corp for a number of months, seems to be bullish on the $17.67B market cap company. The stock increased 1.90% or $1.1 during the last trading session, reaching $58.89. About 895,423 shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since May 4, 2017 and is uptrending. It has underperformed by 2.64% the S&P500.

Don Morgan decreased its stake in Select Med Hldgs Corp (SEM) by 18.75% based on its latest 2017Q4 regulatory filing with the SEC. Brigade Capital Management Lp sold 150,000 shares as the company’s stock rose 2.94% while stock markets declined. The hedge fund run by Don Morgan held 650,000 shares of the hospital and nursing management company at the end of 2017Q4, valued at $11.47M, down from 800,000 at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Select Med Hldgs Corp for a number of months, seems to be less bullish one the $2.46B market cap company. The stock decreased 1.61% or $0.3 during the last trading session, reaching $18.35. About 363,956 shares traded. Select Medical Holdings Corporation (NYSE:SEM) has risen 34.62% since May 4, 2017 and is uptrending. It has outperformed by 23.07% the S&P500.

Central Securities Corp, which manages about $624.32M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 20,000 shares to 180,000 shares, valued at $19.25 million in 2017Q4, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 40,000 shares in the quarter, leaving it with 840,000 shares, and cut its stake in Citigroup Inc.

Since February 8, 2018, it had 11 buys, and 15 insider sales for $8.38 million activity. 516 shares were bought by Quigley James H., worth $25,016. On Tuesday, March 6 the insider MCMANUS DAVID bought $25,016. Another trade for 93,712 shares valued at $4.15M was made by HESS JOHN B on Thursday, February 8. 422 shares were sold by Slentz Andrew P, worth $19,686 on Tuesday, March 6. 6,187 shares were sold by Turner Michael R, worth $298,897. On Thursday, February 8 Lowery-Yilmaz Barbara J sold $85,261 worth of Hess Corporation (NYSE:HES) or 1,919 shares.

Among 23 analysts covering Hess Corp. (NYSE:HES), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. Hess Corp. had 68 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, April 28 the stock rating was downgraded by UBS to “Neutral”. On Friday, May 5 the stock rating was upgraded by Wells Fargo to “Outperform”. Piper Jaffray maintained the shares of HES in report on Thursday, October 5 with “Buy” rating. The stock has “Hold” rating by BMO Capital Markets on Tuesday, July 11. The rating was maintained by Piper Jaffray with “Buy” on Thursday, August 24. The rating was maintained by Cowen & Co on Tuesday, January 16 with “Hold”. The firm has “Buy” rating given on Tuesday, February 6 by Piper Jaffray. The firm has “Neutral” rating given on Thursday, April 28 by Credit Suisse. BMO Capital Markets maintained the shares of HES in report on Friday, November 17 with “Hold” rating. The company was maintained on Thursday, April 26 by Barclays Capital.

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.06, from 0.88 in 2017Q3. It increased, as 45 investors sold HES shares while 161 reduced holdings. 63 funds opened positions while 131 raised stakes. 256.03 million shares or 0.61% more from 254.48 million shares in 2017Q3 were reported. Two Sigma Ltd Liability Corp, New York-based fund reported 18,469 shares. Texas-based Twin Tree Management LP has invested 0.01% in Hess Corporation (NYSE:HES). Needham Inv Mngmt Ltd Liability Com invested in 17,000 shares. Clearline LP holds 0.25% or 10,050 shares in its portfolio. Guggenheim Limited Com reported 0.12% in Hess Corporation (NYSE:HES). Qci Asset New York has 400 shares. 1St Source Bank holds 0.02% of its portfolio in Hess Corporation (NYSE:HES) for 4,257 shares. Vantage Inv Advsrs Ltd Liability accumulated 0% or 160 shares. 26,003 were accumulated by New Mexico Educational Retirement Board. Cap Advisers Ltd Company holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 8,206 shares. Employees Retirement Association Of Colorado reported 55,888 shares or 0.02% of all its holdings. Centurylink Invest Management Co reported 20,018 shares. Trillium Asset Mgmt Llc holds 0.15% in Hess Corporation (NYSE:HES) or 58,401 shares. Commonwealth National Bank & Trust Of has invested 0% in Hess Corporation (NYSE:HES). Loews Corp holds 14,749 shares.

Investors sentiment decreased to 1.1 in 2017 Q4. Its down 0.17, from 1.27 in 2017Q3. It worsened, as 17 investors sold SEM shares while 54 reduced holdings. 23 funds opened positions while 55 raised stakes. 100.69 million shares or 3.16% less from 103.97 million shares in 2017Q3 were reported. Ahl Partners Ltd Liability Partnership holds 44,221 shares. Moreover, Hood River Cap Mgmt Ltd Liability Com has 2.46% invested in Select Medical Holdings Corporation (NYSE:SEM). Matarin Limited stated it has 0.31% in Select Medical Holdings Corporation (NYSE:SEM). 585 were reported by Envestnet Asset. Comml Bank Of America Corp De reported 49,038 shares. Swiss National Bank holds 0% or 179,100 shares in its portfolio. Brigade Cap Management Lp has 650,000 shares. Fisher Asset Mgmt Limited Com has invested 0.1% in Select Medical Holdings Corporation (NYSE:SEM). Amalgamated Financial Bank accumulated 15,738 shares. Piedmont Inv Ltd has invested 0.01% in Select Medical Holdings Corporation (NYSE:SEM). 71,800 were reported by Hillsdale Invest Mngmt. Meeder Asset has 0% invested in Select Medical Holdings Corporation (NYSE:SEM) for 93 shares. Us National Bank De reported 0% stake. Texas-based Bridgeway Capital Mgmt has invested 0.07% in Select Medical Holdings Corporation (NYSE:SEM). 225,997 are held by California Pub Employees Retirement Systems.

Brigade Capital Management Lp, which manages about $17.09 billion and $1.83B US Long portfolio, upped its stake in Coty Inc (Put) (NYSE:COTY) by 250,000 shares to 1.00 million shares, valued at $19.89M in 2017Q4, according to the filing. It also increased its holding in Arconic Inc by 125,500 shares in the quarter, for a total of 1.27M shares, and has risen its stake in Nrg Energy Inc (NYSE:NRG).

Among 9 analysts covering Select Medical Holdings (NYSE:SEM), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Select Medical Holdings had 29 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Robert W. Baird given on Thursday, February 22. The stock of Select Medical Holdings Corporation (NYSE:SEM) has “Hold” rating given on Monday, August 7 by Deutsche Bank. Bank of America upgraded the stock to “Hold” rating in Thursday, January 4 report. The firm has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The firm has “Mkt Perform” rating by JMP Securities given on Tuesday, October 20. The firm has “Buy” rating given on Monday, October 23 by Robert W. Baird. Benchmark maintained the shares of SEM in report on Monday, April 3 with “Buy” rating. The company was maintained on Monday, August 7 by Benchmark. The firm has “Market Perform” rating by Wells Fargo given on Monday, January 30. The firm earned “Outperform” rating on Tuesday, October 6 by Wells Fargo.

Select Medical Holdings Corporation (NYSE:SEM) Institutional Positions Chart

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By1 Marie Mckinney

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