Robert Ortenzio Sells Over 8.9 Million Shares of SEM
Robert Ortenzio, Executive Chairman of SEM, sold 8.92 million shares on June 30, 2026.
Key Points
- Robert Ortenzio, Executive Chairman of SEM, sold 8.92 million shares of the company on June 30, 2026.
- Shares of SEM traded near $16.51 on Wednesday, reflecting recent insider activity and market conditions.
- Analysts from Mizuho and RBC Capital recently downgraded SEM to a hold rating, with a target price of $16.5.
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On June 30, 2026, Robert Ortenzio, the Executive Chairman of SEM, sold 8.92 million shares of the company. This transaction was not part of a pre-planned trading program, according to the filing.
Other Institutional Activity in SEM
BlackRock, Inc. reduced its holdings in SEM by 1,440,407 shares, ending with a total of 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 position by 202,736 shares, bringing its total to 5,536,331 shares valued at $90.2 million, reflecting a 3.8% increase. FIL Ltd initiated a new stake with 4,960,732 shares valued at $80.8 million, and Vanguard Capital Management LLC also opened a new position with 4,819,685 shares worth roughly $78.5 million. Meanwhile, State Street Corp slightly reduced its position by 77,235 shares to hold 4,319,877 shares valued at $70.4 million, a 1.8% decrease.
SEM Stock Snapshot
Shares of SEM traded near $16.51 on Wednesday. The stock has been experiencing fluctuations, reflecting recent insider activities and analyst ratings.
$SEM stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at SEM
On June 30, 2026, several insiders at SEM sold shares. Marilyn Tavenner sold 36,035 shares at $16.50 each. John Saich, the President, sold 736,412 shares. James Ely III sold 161,674 shares at the same price. John Duggan, Executive Vice President, sold 194,710 shares, and David Chernow, Vice Chairman, sold 656,823 shares at $16.50 each. Christopher Weigl, Senior Vice President, sold 40,000 shares.
Analysts Set New Price Targets
Analysts have been adjusting their ratings for SEM. On May 13, 2026, Mizuho downgraded the stock to a hold rating with a price target of $16.50. Earlier, on March 3, 2026, RBC Capital also downgraded SEM to a hold with the same target price of $16.50. These changes reflect a more cautious outlook by analysts.
Bottom Line
Robert Ortenzio's recent sale of SEM shares is a notable insider transaction, drawing attention to the company's current market dynamics. Institutional investors have been active, with some reducing positions while others are initiating new stakes. Analysts' recent downgrades suggest a cautious sentiment in the market. As always, these insider and institutional activities are backward-looking and may not represent current positions.
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