Select Medical Holdings Corporation (NYSE:SEM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $19.00 price objective on the health services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 7.34% from the company’s previous close.

According to Zacks, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania. “

Several other research firms also recently weighed in on SEM. JMP Securities lifted their price objective on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a report on Monday. Deutsche Bank AG lifted their price objective on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday. Benchmark Co. lifted their price objective on 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 upgraded Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $15.00 to $21.00 in a report on Monday. Finally, BidaskClub downgraded shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.29.

Select Medical Holdings Corporation (NYSE:SEM) opened at 17.70 on Tuesday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 31.00 and a beta of 1.45. The firm has a 50-day moving average of $15.50 and a 200 day moving average of $14.01. Select Medical Holdings Corporation has a one year low of $10.20 and a one year high of $18.80.

Select Medical Holdings Corporation (NYSE:SEM) last released its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Equities research analysts predict that Select Medical Holdings Corporation will post $0.90 earnings per share for the current fiscal year.

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In other news, EVP Michael E. Tarvin sold 4,500 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $15.25, for a total transaction of $68,625.00. Following the sale, the executive vice president now owns 324,137 shares in the company, valued at $4,943,089.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott A. Romberger sold 3,127 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was 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 approximately $2,286,037.08. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock valued at $768,517 over the last quarter. 19.93% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Gargoyle Investment Advisor L.L.C. acquired a new stake in shares of Select Medical Holdings Corporation during the first quarter worth $162,000. Comerica Bank raised its stake 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 worth $2,048,000 after buying an additional 3,950 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 worth $20,146,000 after buying an additional 120,145 shares during the last quarter. First Trust Advisors LP raised its stake 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 worth $2,409,000 after buying an additional 54,557 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake 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 worth $2,003,000 after buying an additional 11,888 shares during the last quarter. Institutional investors and hedge funds own 79.64% 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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