ValuEngine upgraded shares of Select Medical Holdings Corporation (NYSE:SEM) from a hold rating to a buy rating in a report issued on Friday morning.

Other analysts also recently issued reports about the company. Benchmark Co. upped 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 upgraded Select Medical Holdings Corporation from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research report on Tuesday, August 8th. BidaskClub upgraded Select Medical Holdings Corporation from a hold rating to a buy rating in a research report on Thursday, June 29th. Deutsche Bank AG upped their price objective on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a hold rating in a research report on Monday, August 7th. Finally, JMP Securities upped 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $17.29.

Select Medical Holdings Corporation (NYSE:SEM) opened at 18.75 on Friday. The stock’s 50 day moving average price is $16.87 and its 200 day moving average price is $14.60. Select Medical Holdings Corporation has a 12-month low of $10.20 and a 12-month high of $18.80. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 29.71 and a beta of 1.44.

Select Medical Holdings Corporation (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. 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 earned $0.23 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Analysts forecast that Select Medical Holdings Corporation will post $0.90 EPS for the current fiscal year.

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In related news, insider Michael E. Tarvin sold 35,000 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total transaction of $533,750.00. Following the transaction, the insider now directly owns 324,137 shares in the company, valued at $4,943,089.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael E. Tarvin sold 4,500 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $15.25, for a total value of $68,625.00. Following the transaction, the executive vice president now owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock worth $768,517 over the last quarter. 19.93% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEM. Teachers Advisors LLC lifted its position in Select Medical Holdings Corporation by 2.9% during the fourth quarter. Teachers Advisors LLC now owns 189,476 shares of the health services provider’s stock worth $2,511,000 after buying an additional 5,286 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Select Medical Holdings Corporation by 1.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the health services provider’s stock worth $585,000 after purchasing an additional 700 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Select Medical Holdings Corporation by 2.9% in the 1st quarter. State of Alaska Department of Revenue now owns 11,860 shares of the health services provider’s stock worth $158,000 after purchasing an additional 330 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Select Medical Holdings Corporation by 27.2% in the 1st quarter. Russell Investments Group Ltd. now owns 38,781 shares of the health services provider’s stock worth $518,000 after purchasing an additional 8,290 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Select Medical Holdings Corporation by 8.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 150,607 shares of the health services provider’s stock worth $2,003,000 after purchasing an additional 11,888 shares during the period. Hedge funds and other institutional investors own 79.01% of the company’s stock.

About Select Medical Holdings Corporation

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.

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Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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