Select Medical Holdings Corporation (NYSE:SEM) had its price target boosted by equities researchers at JMP Securities from $10.00 to $12.00 in a report issued on Monday. The firm currently has a “market underperform” rating on the health services provider’s stock. JMP Securities’ price target points to a potential downside of 32.20% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Deutsche Bank AG increased their price target on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday. Benchmark Co. increased their price target on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird raised shares of Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $15.00 to $21.00 in a research note on Monday. BidaskClub raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Select Medical Holdings Corporation presently has an average rating of “Hold” and an average target price of $16.71.

Shares of Select Medical Holdings Corporation (SEM) traded up 3.21% during mid-day trading on Monday, hitting $17.70. The stock had a trading volume of 1,305,649 shares. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 31.00 and a beta of 1.45. The stock’s 50-day moving average is $15.50 and its 200 day moving average is $14.01. Select Medical Holdings Corporation has a 1-year low of $10.20 and a 1-year high of $18.80.

Select Medical Holdings Corporation (NYSE:SEM) last released its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. Select Medical Holdings Corporation’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Select Medical Holdings Corporation will post $0.88 EPS for the current fiscal year.

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In other Select Medical Holdings Corporation news, insider Scott A. Romberger sold 3,127 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.37, for a total value of $44,934.99. Following the sale, the insider now owns 159,084 shares in the company, valued at $2,286,037.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael E. Tarvin sold 35,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total transaction of $533,750.00. Following the completion of the sale, the insider now owns 324,137 shares in the company, valued at approximately $4,943,089.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,575 shares of company stock worth $768,517. Corporate insiders own 19.93% of the company’s stock.

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted 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 during the period. Norges Bank acquired a new stake in shares of Select Medical Holdings Corporation during the fourth quarter worth $16,184,000. Dimensional Fund Advisors LP boosted 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 during the period. Jana Partners LLC boosted 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 during the period. Finally, Vanguard Group Inc. boosted 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 during the period. Institutional investors and hedge funds own 79.64% of the company’s stock.

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.

Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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