Insider Selling: Select Medical Holdings Chairman Sells 234,179 Shares of Stock (SEM)
Select Medical Holdings (NYSE:SEM) Chairman Rocco A. Ortenzio sold 234,179 shares of the stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $15.21, for a total transaction of $3,561,862.59. Following the completion of the sale, the chairman now directly owns 247,143 shares in the company, valued at approximately $3,759,045. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Select Medical Holdings currently has an average rating of “Hold” and an average target price of $17.93.
Shares of Select Medical Holdings (NYSE:SEM) traded up 1.84% on Friday, hitting $15.47. The stock had a trading volume of 935,761 shares. Select Medical Holdings has a 52 week low of $7.77 and a 52 week high of $15.28. The stock’s 50-day moving average is $14.24 and its 200-day moving average is $11.81. The company has a market cap of $2.024 billion and a price-to-earnings ratio of 18.75.
Select Medical Holdings (NYSE:SEM) last released its earnings data on Thursday, May 1st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Select Medical Holdings will post $0.94 earnings per share for the current fiscal year.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.