Select Medical Holdings Corp. (SEM) Given Average Recommendation of “Hold” by Analysts
Select Medical Holdings Corp. (NYSE:SEM) has been assigned an average rating of “Hold” from the five research firms that are covering the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.50.
A number of equities research analysts have recently weighed in on the company. JMP Securities cut Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 price target on the stock. in a report on Wednesday, September 28th. Zacks Investment Research raised Select Medical Holdings Corp. from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, August 9th.
In related news, insider David S. Chernow sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $13.51, for a total transaction of $675,500.00. Following the transaction, the insider now owns 799,075 shares in the company, valued at $10,795,503.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David S. Chernow sold 90,164 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 1,010,453 shares in the company, valued at approximately $12,236,585.83. The disclosure for this sale can be found here. Corporate insiders own 19.63% of the company’s stock.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rational Advisors LLC bought a new position in Select Medical Holdings Corp. during the second quarter worth approximately $114,000. BlackRock Inc. raised its position in Select Medical Holdings Corp. by 251.1% in the first quarter. BlackRock Inc. now owns 10,588 shares of the company’s stock worth $125,000 after buying an additional 7,572 shares in the last quarter. Amalgamated Bank raised its position in Select Medical Holdings Corp. by 14.3% in the second quarter. Amalgamated Bank now owns 12,658 shares of the company’s stock worth $145,000 after buying an additional 1,581 shares in the last quarter. PineBridge Investments L.P. raised its position in Select Medical Holdings Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 13,316 shares of the company’s stock worth $145,000 after buying an additional 483 shares in the last quarter. Finally, Societe Generale bought a new position in Select Medical Holdings Corp. during the second quarter worth approximately $155,000. Institutional investors and hedge funds own 80.79% of the company’s stock.
Select Medical Holdings Corp. (NYSE:SEM) traded down 2.55% during midday trading on Monday, reaching $13.40. The company had a trading volume of 428,021 shares. The company has a market capitalization of $1.76 billion, a P/E ratio of 11.96 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. The company’s 50 day moving average is $12.86 and its 200-day moving average is $12.17.
Select Medical Holdings Corp. (NYSE:SEM) last issued its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. Select Medical Holdings Corp. had a return on equity of 12.35% and a net margin of 3.47%. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $0.28 EPS. The business’s revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Select Medical Holdings Corp. will post $0.78 earnings per share for the current fiscal year.
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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