Select Medical Holdings Corp. (SEM) Given Average Recommendation of “Hold” by Analysts
Select Medical Holdings Corp. (NYSE:SEM) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.50.
SEM has been the topic of several recent research reports. Zacks Investment Research upgraded Select Medical Holdings Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, June 30th. JMP Securities cut 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 research report on Wednesday, September 28th.
In other Select Medical Holdings Corp. news, insider David S. Chernow sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $13.51, for a total transaction of $675,500.00. Following the transaction, 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 the SEC website. Also, insider David S. Chernow sold 8,536 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $12.13, for a total value of $103,541.68. Following the transaction, the insider now owns 1,060,050 shares in the company, valued at approximately $12,858,406.50. The disclosure for this sale can be found here. Company insiders own 19.63% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in 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 valued at $65,866,000 after buying an additional 1,029,828 shares during the last quarter. Foundry Partners LLC acquired a new position in Select Medical Holdings Corp. during the second quarter valued at about $9,338,000. Deerfield Management Co. boosted its position in 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 valued at $14,315,000 after buying an additional 757,847 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new position in Select Medical Holdings Corp. during the second quarter valued at about $4,040,000. Finally, State Street Corp boosted its position in Select Medical Holdings Corp. by 15.4% in the first quarter. State Street Corp now owns 2,552,116 shares of the company’s stock valued at $30,137,000 after buying an additional 341,371 shares during the last quarter. Institutional investors own 80.79% of the company’s stock.
Select Medical Holdings Corp. (NYSE:SEM) traded down 2.55% during trading on Monday, hitting $13.40. The stock had a trading volume of 428,021 shares. The firm has a market cap of $1.76 billion, a P/E ratio of 11.96 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 stock’s 50 day moving average price is $12.86 and its 200 day moving average price is $12.17.
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 the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Select Medical Holdings Corp. had a net margin of 3.47% and a return on equity of 12.35%. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts anticipate that Select Medical Holdings Corp. will post $0.78 EPS for the current fiscal year.
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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