Select Medical Holdings Corporation (NYSE:SEM)‘s stock had its “buy” rating reiterated by analysts at Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $19.00 price objective on the health services provider’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 6.15% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. JMP Securities raised their price objective on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a research note on Monday, August 7th. Deutsche Bank AG raised their price objective on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Finally, Benchmark Co. raised their price objective on Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.57.

Select Medical Holdings Corporation (NYSE:SEM) last issued 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 return on equity of 9.61% and a net margin of 1.95%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business earned $0.23 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year.

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In related news, insider David S. Chernow sold 133,025 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.85, for a total value of $2,374,496.25. Following the sale, the insider now owns 729,815 shares of the company’s stock, valued at approximately $13,027,197.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 19.93% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in Select Medical Holdings Corporation by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after purchasing an additional 70 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Select Medical Holdings Corporation by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after purchasing an additional 107 shares during the last quarter. Capstone Asset Management Co. raised its position in Select Medical Holdings Corporation by 0.4% in the 2nd quarter. Capstone Asset Management Co. now owns 46,370 shares of the health services provider’s stock valued at $504,000 after purchasing an additional 170 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Select Medical Holdings Corporation by 0.7% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 41,940 shares of the health services provider’s stock valued at $560,000 after purchasing an additional 290 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Select Medical Holdings Corporation by 2.9% in the 1st quarter. State of Alaska Department of Revenue now owns 11,860 shares of the health services provider’s stock valued at $158,000 after purchasing an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 79.02% 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.

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

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