Zacks Investment Research upgraded shares of Select Medical Holdings Corp. (NYSE:SEM) from a sell rating to a hold rating in a report released on Wednesday morning.

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 lowered 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 report on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Select Medical Holdings Corp. presently has a consensus rating of Hold and a consensus target price of $13.33.

Select Medical Holdings Corp. (NYSE:SEM) traded down 2.11% on Wednesday, reaching $13.48. The company’s stock had a trading volume of 143,299 shares. The company has a market cap of $1.77 billion, a P/E ratio of 12.04 and a beta of 1.35. Select Medical Holdings Corp. has a 12 month low of $7.33 and a 12 month high of $14.30. The company has a 50-day moving average price of $12.72 and a 200 day moving average price of $12.14.

Select Medical Holdings Corp. (NYSE:SEM) last posted its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Select Medical Holdings Corp. had a return on equity of 12.35% and a net margin of 3.47%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts anticipate that Select Medical Holdings Corp. will post $0.78 EPS for the current fiscal year.

In related news, insider David S. Chernow sold 90,164 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $12.11, for a total transaction of $1,091,886.04. Following the completion of the sale, the insider now directly owns 1,010,453 shares in the company, valued at approximately $12,236,585.83. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David S. Chernow sold 50,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $10,795,503.25. The disclosure for this sale can be found here. Insiders own 19.63% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of Select Medical Holdings Corp. by 71.4% in the third quarter. Nisa Investment Advisors LLC now owns 36,000 shares of the company’s stock valued at $486,000 after buying an additional 15,000 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Select Medical Holdings Corp. by 0.8% in the third quarter. Fisher Asset Management LLC now owns 4,870,939 shares of the company’s stock valued at $65,758,000 after buying an additional 36,308 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Select Medical Holdings Corp. by 4.0% in the third quarter. Foundry Partners LLC now owns 893,374 shares of the company’s stock valued at $12,061,000 after buying an additional 34,299 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Select Medical Holdings Corp. during the third quarter valued at $327,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter valued at $223,000. Institutional investors and hedge funds own 80.75% of the company’s stock.

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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