We can now move on to FelCor Lodging Trust Incorporated (NYSE:FCH), which has seen its stock suffer a loss of almost 26% year-to-date. Richard A. Smith, President and CEO of FelCor, purchased 50,000 shares at $8.05 apiece on Thursday. Following the completion of the transaction, the executive currently owns 1.72 million shares. It is also worth noting that the following transaction represents the first insider buy at FelCor Lodging Trust Incorporated (NYSE:FCH) this year, which could suggest a strong future outlook for the real estate investment trust (REIT). A little more than a month ago, FelCor sold its 288-room airport-area hotel, Holiday Inn, to Sarona Orlando Lee LLC, which is a subsidiary of JHM Hotels, for $14 million. This sale surely improved the REIT’s financial position, which might in turn allow it to acquire new properties. Israel Englander’s Millennium Management boosted its stake in FelCor by 117% during the second quarter to 1.14 million shares.
Last but not least, Select Medical Holdings Corporation (NYSE:SEM)’s director, William H. Frist, bought 8,100 shares at a price of $12.32 each, boosting his stake to 164,334 shares. The company that operates specialty hospital and outpatient rehabilitation clinics in the United States had a great first half of the year, but its shares have embarked on a steady downtrend since the end of June, dropping over 15% year-to-date in the process. Even though this acquisition is not likely to put an end to the downtrend right away, it might suggest the director’s confidence in the company’s growth from current levels. A few weeks ago, Select Medical revealed its financial results for the second quarter, which did not allow the stock to achieve a turnaround. The company reported net operating revenues of $887.1 million, up by 14.8% year-over-year, while the company’s fully diluted income per share came to $0.28, compared with $0.27 reported a year ago. Finally, Select Medical expects its consolidated net operating revenues for the full year to be in the range of $3.68 billion to $3.75 billion. From the 737 hedge funds tracked by Insider Monkey, Conan Laughlin’s North Tide Capital is the most bullish on Select Medical Holdings Corporation (NYSE:SEM), holding 13.0 million shares.