Thomas Mullin Sells Shares of SEM
SEM's CEO, Thomas Mullin, sold 391,709 shares on June 30, 2026.
Key Points
- Thomas Mullin, CEO of SEM, sold 391,709 shares on June 30, 2026, with SEM trading at $16.51 on Wednesday.
- Institutional investors like BlackRock reduced their SEM holdings by 1,440,407 shares, while Vanguard Portfolio Management initiated a new position.
- Analysts at Mizuho and RBC Capital recently downgraded SEM to hold, with a price target of $16.5.
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On June 30, 2026, Thomas Mullin, the Chief Executive Officer of SEM, sold 391,709 shares. This transaction was not part of a pre-arranged trading plan and was conducted at an unspecified price. Shares of SEM traded at $16.51 on Wednesday.
Insider Buying and Selling at SEM
In addition to Thomas Mullin's sale, several other insiders at SEM also sold shares on June 30, 2026. Marilyn Tavenner sold 36,035 shares at $16.5 each, while John Saich, the President, sold 736,412 shares. James Ely III parted with 161,674 shares at $16.5 per share. John Duggan, the Executive Vice President, sold 194,710 shares, and David Chernow, the Vice Chairman, sold 656,823 shares at $16.5 each. Christopher Weigl, the Senior Vice President, sold 40,000 shares.
Other Institutional Activity in SEM
Among institutional investors, BlackRock, Inc. trimmed its SEM holdings by 1,440,407 shares, ending up with 17,263,327 shares valued at approximately $281.2 million, marking a 7.7% decrease. Vanguard Portfolio Management LLC opened a new position with 6,723,557 shares worth about $109.5 million. Dimensional Fund Advisors LP increased its stake by 202,736 shares, bringing its total to 5,536,331 shares valued at roughly $90.2 million, a 3.8% increase. FIL LTD and Vanguard Capital Management LLC both initiated new positions, holding 4,960,732 and 4,819,685 shares, respectively. Meanwhile, State Street Corp reduced its position by 77,235 shares, now holding 4,319,877 shares worth approximately $70.4 million, a 1.8% decrease.
Analysts Set New Price Targets
On May 13, 2026, Mizuho downgraded SEM to a hold rating with a price target of $16.5. RBC Capital also downgraded SEM to hold on March 3, 2026, maintaining the same price target. Meanwhile, RBC Capital had previously maintained a buy rating with a price target of $19.0 on February 23, 2026. The consensus among analysts is mixed, with the target mean price reflecting varied expectations.
Bottom Line
Thomas Mullin's sale of SEM shares is part of a broader pattern of insider selling at the company. Institutional investors have shown mixed activity, with some reducing their stakes while others are initiating new positions. Analyst ratings have recently shifted, reflecting a cautious outlook on SEM's future performance. Investors should note that insider and institutional activities can provide insights into company sentiment, though they are not definitive indicators of future performance.
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