Select Medical Holdings Corp. (NYSE:SEM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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. “

Separately, JMP Securities cut shares of Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 price target on the stock. in a report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Select Medical Holdings Corp. presently has a consensus rating of “Hold” and an average price target of $13.33.

Select Medical Holdings Corp. (NYSE:SEM) opened at 14.05 on Thursday. The company’s 50-day moving average is $12.38 and its 200 day moving average is $12.05. Select Medical Holdings Corp. has a 52-week low of $7.33 and a 52-week high of $14.30. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 12.54 and a beta of 1.35.

Select Medical Holdings Corp. (NYSE:SEM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.01. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Select Medical Holdings Corp. had a net margin of 3.47% and a return on equity of 12.35%. The business’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. Equities analysts forecast that Select Medical Holdings Corp. will post $0.78 earnings per share for the current fiscal year.

In other Select Medical Holdings Corp. news, insider David S. Chernow sold 8,536 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $12.13, for a total transaction of $103,541.68. Following the completion of the transaction, the insider now owns 1,060,050 shares of the company’s stock, valued at $12,858,406.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David S. Chernow sold 90,164 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $12.11, for a total value of $1,091,886.04. Following the transaction, the insider now directly owns 1,010,453 shares of the company’s stock, valued at approximately $12,236,585.83. The disclosure for this sale can be found here. Company insiders own 19.63% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Rational Advisors LLC purchased a new position in shares of Select Medical Holdings Corp. during the second quarter valued at approximately $114,000. BlackRock Inc. raised its position in shares of Select Medical Holdings Corp. by 251.1% in the first quarter. BlackRock Inc. now owns 10,588 shares of the company’s stock valued at $125,000 after buying an additional 7,572 shares in the last quarter. Amalgamated Bank raised its position in shares of Select Medical Holdings Corp. by 14.3% in the second quarter. Amalgamated Bank now owns 12,658 shares of the company’s stock valued at $145,000 after buying an additional 1,581 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of Select Medical Holdings Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 13,316 shares of the company’s stock valued at $145,000 after buying an additional 483 shares in the last quarter. Finally, Societe Generale purchased a new position in shares of Select Medical Holdings Corp. during the second quarter valued at approximately $155,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Select Medical Holdings Corp. Company Profile

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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