Select Medical Holdings Corporation Chairman Sells $17,520,664 in Stock (SEM)
Select Medical Holdings Corporation (NYSE:SEM) Chairman Robert Ortenzio sold 1,564,345 shares of Select Medical Holdings Corporation stock on the open market in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $11.20, for a total value of $17,520,664.00. Following the completion of the transaction, the chairman now directly owns 7,575,367 shares of the company’s stock, valued at approximately $84,844,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Select Medical Holdings Corporation (NYSE:SEM) traded up 1.24% on Thursday, hitting $11.40. The stock had a trading volume of 1,668,111 shares. Select Medical Holdings Corporation has a 52-week low of $7.21 and a 52-week high of $11.89. The stock’s 50-day moving average is $9.89 and its 200-day moving average is $8.83. The company has a market cap of $1.591 billion and a price-to-earnings ratio of 12.64.
Select Medical Holdings Corporation (NYSE:SEM) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $722.80 million for the quarter, compared to the consensus estimate of $723.10 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Select Medical Holdings Corporation will post $0.90 earnings per share for the current fiscal year.
A number of research firms have recently commented on SEM. Analysts at Zacks upgraded shares of Select Medical Holdings Corporation from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $11.40 price target on the stock. Separately, analysts at Standpoint Research downgraded shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 23rd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Select Medical Holdings Corporation currently has a consensus rating of “Hold” and an average target price of $9.60.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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