CIBC Asset Management Inc maintained its stake in shares of Select Medical Holdings Corporation (NYSE:SEM) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,607 shares of the health services provider’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Select Medical Holdings Corporation were worth $209,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SEM. PNC Financial Services Group Inc. increased its stake in shares of Select Medical Holdings Corporation by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock worth $111,000 after buying an additional 70 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Select Medical Holdings Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock worth $125,000 after buying an additional 107 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Select Medical Holdings Corporation by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 41,940 shares of the health services provider’s stock worth $560,000 after buying an additional 290 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Select Medical Holdings Corporation by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 11,860 shares of the health services provider’s stock worth $158,000 after buying an additional 330 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Select Medical Holdings Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the health services provider’s stock worth $585,000 after buying an additional 700 shares in the last quarter. 79.42% of the stock is owned by institutional investors and hedge funds.

Shares of Select Medical Holdings Corporation (SEM) opened at 16.75 on Monday. Select Medical Holdings Corporation has a 52-week low of $10.20 and a 52-week high of $18.80. The stock has a market cap of $2.23 billion, a P/E ratio of 26.55 and a beta of 1.45. The firm’s 50-day moving average price is $16.39 and its 200-day moving average price is $14.26.

Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business posted $0.23 earnings per share. Select Medical Holdings Corporation’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Select Medical Holdings Corporation will post $0.90 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on SEM. Benchmark Co. lifted their price objective on Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research raised Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, August 8th. JMP Securities lifted their price objective on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a research report on Monday, August 7th. BidaskClub raised Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Robert W. Baird raised Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $15.00 to $21.00 in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Select Medical Holdings Corporation presently has a consensus rating of “Hold” and an average target price of $17.29.

In other news, EVP Michael E. Tarvin sold 7,948 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $15.25, for a total value of $121,207.00. Following the transaction, the executive vice president now directly owns 324,137 shares of the company’s stock, valued at $4,943,089.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael E. Tarvin sold 35,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total transaction of $533,750.00. Following the completion of the transaction, the insider now directly owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock worth $768,517 over the last ninety days. 19.93% of the stock is currently owned by company insiders.

Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

Institutional Ownership by Quarter for Select Medical Holdings Corporation (NYSE:SEM)

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