David Chernow Sells SEM Shares Worth $1.87 Million
Vice Chairman David Chernow sold 113,421 shares of SEM on June 30, 2026.
Key Points
- David Chernow, Vice Chairman of SEM, sold 113,421 shares valued at $1.87 million on June 30, 2026.
- Shares of SEM traded at $16.51 on Wednesday, with recent analyst ratings suggesting a hold.
- BlackRock reduced its SEM holdings by 1.44 million shares, while Vanguard Portfolio Management opened a new position.
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David Chernow, Vice Chairman of SEM, sold 113,421 shares of the company on June 30, 2026. The shares were sold at an average price of $16.50, totaling approximately $1.87 million. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in SEM
BlackRock, Inc. reduced its holdings in SEM by 1,440,407 shares, ending the period with 17,263,327 shares valued at about $281.2 million. Meanwhile, Vanguard Portfolio Management LLC initiated a new position with 6,723,557 shares worth approximately $109.5 million. Dimensional Fund Advisors LP increased its stake by 202,736 shares to a total of 5,536,331 shares, valued at around $90.2 million. FIL LTD and Vanguard Capital Management LLC also opened new positions, holding 4,960,732 and 4,819,685 shares, respectively.
SEM Stock Snapshot
Shares of SEM traded near $16.51 on Wednesday. The stock has experienced a range between a 52-week low and high, with current market sentiment reflected in recent analyst ratings. The stock's performance and institutional interest continue to be of interest to investors.
$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 reported selling shares. Marilyn Tavenner sold 36,035 shares, while John Saich, President, sold 736,412 shares. James Ely III sold 161,674 shares, and John Duggan, Executive Vice President, parted with 194,710 shares. David Chernow sold 113,421 shares, and Christopher Weigl, Senior Vice President, sold 40,000 shares. None of these transactions were part of planned sales.
Analysts Set New Price Targets
On May 13, 2026, Mizuho downgraded SEM to a hold rating with a price target of $16.50. Previously, on March 3, 2026, RBC Capital also downgraded the stock to a hold with the same price target. Earlier analyst actions included maintaining buy ratings with higher price targets, reflecting mixed sentiment about the company's future performance.
Bottom Line
David Chernow's sale of SEM shares highlights insider activity that investors often scrutinize for market sentiment. Institutional adjustments, such as those by BlackRock and Vanguard, further reflect dynamic interest in SEM. As always, it's important to remember that insider transactions and institutional filings are backward-looking and may not reflect the current state of holdings or market conditions.
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