Select Medical Holdings Corporation (NYSE:SEM) had its price target lifted by research analysts at Deutsche Bank AG from $20.00 to $22.00 in a research note issued to investors on Monday. The firm presently has a “hold” rating on the health services provider’s stock. Deutsche Bank AG’s target price suggests a potential upside of 28.28% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Benchmark Co. raised their price objective on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird raised shares of Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $15.00 to $21.00 in a research report on Monday. BidaskClub downgraded shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, TheStreet raised shares of Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.43.

Select Medical Holdings Corporation (NYSE SEM) traded up 3.8764% during trading on Monday, reaching $17.8148. 764,886 shares of the company’s stock traded hands. The company has a 50 day moving average price of $15.50 and a 200-day moving average price of $14.01. The company has a market cap of $2.37 billion, a PE ratio of 31.1993 and a beta of 1.45. Select Medical Holdings Corporation has a 12-month low of $10.20 and a 12-month high of $18.80.

Select Medical Holdings Corporation (NYSE:SEM) last announced its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.32 earnings per share for the quarter, beating 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $0.23 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast 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, EVP Michael E. Tarvin sold 7,948 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $15.25, for a total transaction of $121,207.00. Following the transaction, the executive vice president now directly owns 324,137 shares of the company’s stock, valued at approximately $4,943,089.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael E. Tarvin sold 35,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total transaction of $533,750.00. Following the transaction, the insider now directly owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Insiders sold a total of 50,575 shares of company stock worth $768,517 over the last ninety days. Insiders own 19.93% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Gargoyle Investment Advisor L.L.C. acquired a new position in shares of Select Medical Holdings Corporation during the first quarter valued at about $162,000. Comerica Bank increased its position in shares of Select Medical Holdings Corporation by 2.7% in the first quarter. Comerica Bank now owns 149,512 shares of the health services provider’s stock valued at $2,048,000 after buying an additional 3,950 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Select Medical Holdings Corporation by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 1,508,997 shares of the health services provider’s stock valued at $20,146,000 after buying an additional 120,145 shares during the last quarter. First Trust Advisors LP increased its position in shares of Select Medical Holdings Corporation by 43.3% in the first quarter. First Trust Advisors LP now owns 180,436 shares of the health services provider’s stock valued at $2,409,000 after buying an additional 54,557 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Select Medical Holdings Corporation by 8.6% in the first quarter. Great West Life Assurance Co. Can now owns 150,607 shares of the health services provider’s stock valued at $2,003,000 after buying an additional 11,888 shares during the last quarter. 79.64% of the stock is currently owned by institutional investors.

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.

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

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