Select Medical Holdings Corp. (SEM) Insider David S. Chernow Sells 50,000 Shares
Select Medical Holdings Corp. (NYSE:SEM) insider David S. Chernow sold 50,000 shares of Select Medical Holdings Corp. stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $13.51, for a total value of $675,500.00. Following the sale, the insider now owns 799,075 shares in the company, valued at approximately $10,795,503.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Select Medical Holdings Corp. (NYSE:SEM) opened at 13.82 on Wednesday. The stock’s 50 day moving average price is $12.30 and its 200-day moving average price is $12.04. Select Medical Holdings Corp. has a 52-week low of $7.33 and a 52-week high of $14.30. The firm has a market cap of $1.82 billion, a PE ratio of 12.34 and a beta of 1.35.
Select Medical Holdings Corp. (NYSE:SEM) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. Select Medical Holdings Corp. had a return on equity of 12.35% and a net margin of 3.47%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts anticipate that Select Medical Holdings Corp. will post $0.78 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Select Medical Holdings Corp. by 20.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,059,297 shares of the company’s stock worth $65,866,000 after buying an additional 1,029,828 shares during the period. Norges Bank acquired a new stake in shares of Select Medical Holdings Corp. during the fourth quarter worth $10,300,000. Foundry Partners LLC acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter worth $9,338,000. Deerfield Management Co. boosted its stake in shares of Select Medical Holdings Corp. by 135.5% in the second quarter. Deerfield Management Co. now owns 1,316,944 shares of the company’s stock worth $14,315,000 after buying an additional 757,847 shares during the period. Finally, New Amsterdam Partners LLC NY acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter worth $4,040,000. 80.74% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. JMP Securities cut Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research report on Wednesday, September 28th. Zacks Investment Research upgraded Select Medical Holdings Corp. from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.33.
About Select Medical Holdings Corp.
Select Medical Holdings Corporation is an operator of specialty hospitals and outpatient rehabilitation clinics. The Company, through its contract therapy business, provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites.
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