Select Medical Holdings Corporation (NYSE:SEM) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.25.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, April 4th. BidaskClub raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. TheStreet raised shares of Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a report on Thursday, April 13th. Finally, Benchmark Co. initiated coverage on shares of Select Medical Holdings Corporation in a report on Friday, March 31st. They issued a “buy” rating and a $16.00 target price for the company.

In related news, insider Michael E. Tarvin sold 35,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $15.25, for a total value of $533,750.00. Following the completion of the transaction, the insider now directly owns 324,137 shares of the company’s stock, valued at $4,943,089.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David S. Chernow sold 116,050 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.01, for a total transaction of $1,625,860.50. Following the completion of the transaction, the insider now directly owns 749,075 shares of the company’s stock, valued at $10,494,540.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 166,625 shares of company stock valued at $2,394,377. 19.93% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Select Medical Holdings Corporation by 49,224.7% in the first quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock worth $181,847,000 after buying an additional 13,593,900 shares in the last quarter. Norges Bank bought a new stake in shares of Select Medical Holdings Corporation during the fourth quarter worth $16,184,000. Dimensional Fund Advisors LP raised its stake in shares of Select Medical Holdings Corporation by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,058,418 shares of the health services provider’s stock worth $107,579,000 after buying an additional 838,123 shares in the last quarter. Jana Partners LLC raised its stake in shares of Select Medical Holdings Corporation by 30.5% in the first quarter. Jana Partners LLC now owns 2,966,979 shares of the health services provider’s stock worth $39,609,000 after buying an additional 693,581 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Select Medical Holdings Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 9,560,777 shares of the health services provider’s stock worth $127,637,000 after buying an additional 528,762 shares in the last quarter. 79.66% of the stock is owned by hedge funds and other institutional investors.

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Shares of Select Medical Holdings Corporation (NYSE:SEM) traded down 0.62% during midday trading on Monday, reaching $16.00. 705,502 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $14.16 and its 200 day moving average price is $13.65. The firm has a market capitalization of $2.12 billion, a PE ratio of 28.02 and a beta of 1.44. Select Medical Holdings Corporation has a one year low of $10.20 and a one year high of $16.30.

About Select Medical Holdings Corporation

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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