Wall Street analysts expect Select Medical Holdings Corporation (NYSE:SEM) to post $1.15 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Select Medical Holdings Corporation’s earnings. Select Medical Holdings Corporation reported sales of $1.10 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The firm is expected to report its next earnings results on Thursday, August 3rd.

According to Zacks, analysts expect that Select Medical Holdings Corporation will report full year sales of $1.15 billion for the current year, with estimates ranging from $4.46 billion to $4.50 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.71 billion per share, with estimates ranging from $4.65 billion to $4.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Select Medical Holdings Corporation.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. TheStreet raised shares of Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. Finally, Benchmark Co. assumed coverage on shares of Select Medical Holdings Corporation in a research report on Friday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.50.

Shares of Select Medical Holdings Corporation (SEM) opened at 15.30 on Friday. Select Medical Holdings Corporation has a 12-month low of $10.08 and a 12-month high of $15.60. The stock has a market capitalization of $2.03 billion, a P/E ratio of 26.80 and a beta of 1.45. The company has a 50-day moving average of $14.16 and a 200-day moving average of $13.65.

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In related news, insider Michael E. Tarvin sold 35,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total value of $533,750.00. Following the transaction, the insider now owns 324,137 shares in the company, valued at $4,943,089.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott A. Romberger sold 3,127 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $14.37, for a total value of $44,934.99. Following the completion of the transaction, the insider now owns 159,084 shares in the company, valued at approximately $2,286,037.08. The disclosure for this sale can be found here. Insiders sold 166,625 shares of company stock valued at $2,394,377 over the last three months. 19.93% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Select Medical Holdings Corporation by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock worth $111,000 after buying an additional 70 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Select Medical Holdings Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock worth $125,000 after buying an additional 107 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Select Medical Holdings Corporation by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 41,940 shares of the health services provider’s stock worth $560,000 after buying an additional 290 shares in the last quarter. State of Alaska Department of Revenue increased its position in Select Medical Holdings Corporation by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 11,860 shares of the health services provider’s stock worth $158,000 after buying an additional 330 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Select Medical Holdings Corporation by 2.4% in the fourth quarter. AQR Capital Management LLC now owns 28,061 shares of the health services provider’s stock worth $372,000 after buying an additional 658 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

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