Insider Selling: Select Medical Holdings Director Sells 213,556 Shares of Stock (SEM)
Select Medical Holdings (NYSE:SEM) Director Thomas Scully unloaded 213,556 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $13.49, for a total transaction of $2,880,870.44. Following the completion of the transaction, the director now directly owns 143,389 shares of the company’s stock, valued at approximately $1,934,318. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Select Medical Holdings (NYSE:SEM) traded up 2.08% during mid-day trading on Thursday, hitting $15.19. 797,504 shares of the company’s stock traded hands. Select Medical Holdings has a 1-year low of $7.77 and a 1-year high of $15.28. The stock has a 50-day moving average of $14.24 and a 200-day moving average of $11.81. The company has a market cap of $1.987 billion and a P/E ratio of 18.37.
Select Medical Holdings (NYSE:SEM) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $762.60 million for the quarter, compared to the consensus estimate of $760.50 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Select Medical Holdings will post $0.94 EPS for the current fiscal year.
A number of analysts have recently weighed in on SEM shares. Analysts at Zacks upgraded shares of Select Medical Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $14.70 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Select Medical Holdings from $15.00 to $16.00 in a research note on Monday, May 5th. Finally, analysts at Susquehanna raised their price target on shares of Select Medical Holdings from $15.00 to $20.00 in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.93.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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