Select Medical Holdings Corp. (NYSE:SEM) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus estimate of $0.65. The company issued revenue guidance of $4.25-4.30 billion, compared to the consensus revenue estimate of $4.29 billion.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Select Medical Holdings Corp. from a hold rating to a buy rating and set a $13.00 price objective for the company in a research note on Tuesday, August 9th. JMP Securities lowered shares of 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.

Select Medical Holdings Corp. (NYSE:SEM) opened at 12.70 on Tuesday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.51 and a beta of 1.07. 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 is $12.72 and its 200-day moving average is $12.15.

Select Medical Holdings Corp. (NYSE:SEM) last released its earnings results on Thursday, November 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.09. Select Medical Holdings Corp. had a return on equity of 9.53% and a net margin of 2.91%. The firm earned $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $0.22 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts expect that Select Medical Holdings Corp. will post $0.68 earnings per share for the current year.

In related news, insider David S. Chernow sold 90,164 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 1,010,453 shares in the company, valued at $12,236,585.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David S. Chernow sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $13.51, for a total transaction of $675,500.00. Following the completion of the sale, the insider now owns 799,075 shares of the company’s stock, valued at approximately $10,795,503.25. The disclosure for this sale can be found here. 19.63% of the stock is currently owned by insiders.

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Several hedge funds have recently made changes to their positions in SEM. Rational Advisors LLC bought a new stake in shares of Select Medical Holdings Corp. during the second quarter valued at approximately $114,000. TFS Capital LLC bought a new stake in shares of Select Medical Holdings Corp. during the second quarter valued at approximately $171,000. ProShare Advisors LLC boosted its stake in shares of Select Medical Holdings Corp. by 2.3% in the second quarter. ProShare Advisors LLC now owns 16,010 shares of the company’s stock valued at $174,000 after buying an additional 360 shares during the period. Jefferies Group LLC bought a new stake in shares of Select Medical Holdings Corp. during the second quarter valued at approximately $181,000. Finally, Cantab Capital Partners LLP bought a new stake in shares of Select Medical Holdings Corp. during the second quarter valued at approximately $194,000. Hedge funds and other institutional investors own 82.45% 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.

5 Day Chart for NYSE:SEM

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