Royal Bank Of Canada reissued their buy rating on shares of Select Medical Holdings Corporation (NYSE:SEM) in a research note released on Wednesday. Royal Bank Of Canada currently has a $19.00 price target on the health services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Select Medical Holdings Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Select Medical Holdings Corporation from a hold rating to a buy rating and set a $19.00 target price on the stock in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Select Medical Holdings Corporation from a hold rating to a buy rating in a research note on Thursday, June 29th. Benchmark Co. upped their target price on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a buy rating in a research note on Monday, August 7th. Finally, Deutsche Bank AG upped their target price on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a hold rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $17.57.

Select Medical Holdings Corporation (NYSE SEM) opened at 18.20 on Wednesday. Select Medical Holdings Corporation has a 52-week low of $10.20 and a 52-week high of $18.80. The company’s 50 day moving average is $17.32 and its 200-day moving average is $14.91. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 28.84 and a beta of 1.44.

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

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In other news, insider David S. Chernow sold 133,025 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.85, for a total value of $2,374,496.25. Following the transaction, the insider now owns 729,815 shares in the company, valued at approximately $13,027,197.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael E. Tarvin sold 4,500 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $15.25, for a total transaction of $68,625.00. Following the completion of the transaction, the executive vice president now owns 324,137 shares in the company, valued at approximately $4,943,089.25. The disclosure for this sale can be found here. Insiders have sold a total of 180,473 shares of company stock worth $3,098,078 in the last 90 days. Company insiders own 19.93% of the company’s stock.

Large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Select Medical Holdings Corporation by 49,224.7% in the 1st quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock worth $181,847,000 after purchasing an additional 13,593,900 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Select Medical Holdings Corporation by 2.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 92,573 shares of the health services provider’s stock worth $1,236,000 after purchasing an additional 2,500 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Select Medical Holdings Corporation in the 1st quarter worth approximately $343,000. Swiss National Bank lifted its stake in shares of Select Medical Holdings Corporation by 2.6% in the 1st quarter. Swiss National Bank now owns 174,500 shares of the health services provider’s stock worth $2,330,000 after purchasing an additional 4,400 shares during the period. Finally, Boston Partners lifted its stake in shares of Select Medical Holdings Corporation by 2.7% in the 2nd quarter. Boston Partners now owns 1,602,433 shares of the health services provider’s stock worth $24,597,000 after purchasing an additional 42,151 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.

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

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