Select Medical Holdings Corp. (SEM) Upgraded to Hold by Zacks Investment Research
Select Medical Holdings Corp. (NYSE:SEM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania. “
Separately, JMP Securities lowered shares of Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 target price for the company. in a research note on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.33.
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Shares of Select Medical Holdings Corp. (NYSE:SEM) opened at 13.90 on Wednesday. The stock has a 50 day moving average of $12.66 and a 200 day moving average of $12.13. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.41 and a beta of 1.35. Select Medical Holdings Corp. has a 52-week low of $7.33 and a 52-week high of $14.30.
Select Medical Holdings Corp. (NYSE:SEM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Select Medical Holdings Corp. had a net margin of 3.47% and a return on equity of 12.35%. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts predict that Select Medical Holdings Corp. will post $0.78 EPS for the current fiscal year.
In other Select Medical Holdings Corp. news, insider David S. Chernow sold 90,164 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $12.11, for a total transaction of $1,091,886.04. Following the sale, the insider now directly owns 1,010,453 shares in the company, valued at approximately $12,236,585.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David S. Chernow sold 50,000 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $13.51, for a total transaction of $675,500.00. Following the sale, the insider now owns 799,075 shares in the company, valued at $10,795,503.25. The disclosure for this sale can be found here. Company insiders own 19.63% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new stake in Select Medical Holdings Corp. during the second quarter worth approximately $9,338,000. Capstone Asset Management Co. increased its stake in Select Medical Holdings Corp. by 0.4% in the second quarter. Capstone Asset Management Co. now owns 46,370 shares of the company’s stock worth $504,000 after buying an additional 170 shares during the period. Fisher Asset Management LLC increased its stake in Select Medical Holdings Corp. by 0.5% in the second quarter. Fisher Asset Management LLC now owns 4,834,631 shares of the company’s stock worth $54,100,000 after buying an additional 26,368 shares during the period. BNP Paribas Arbitrage SA increased its stake in Select Medical Holdings Corp. by 130.9% in the second quarter. BNP Paribas Arbitrage SA now owns 40,206 shares of the company’s stock worth $437,000 after buying an additional 22,797 shares during the period. Finally, Deerfield Management Co. bought a new stake in Select Medical Holdings Corp. during the first quarter worth approximately $6,603,000. Institutional investors own 80.75% of the company’s stock.
Select Medical Holdings Corp. Company Profile
Select Medical Holdings Corporation is an operator of specialty hospitals and outpatient rehabilitation clinics. The Company, through its contract therapy business, provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites.
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