Select Medical Holdings Co. (NYSE:SEM)’s share price rose 0% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $18.55 and last traded at $18.45. Approximately 2,030,000 shares were traded during mid-day trading, an increase of 182% from the average daily volume of 720,138 shares. The stock had previously closed at $18.45.
The health services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.12. Select Medical had a net margin of 2.21% and a return on equity of 11.44%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s revenue was up 6.5% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank reissued a “buy” rating and set a $22.00 price objective on shares of Select Medical in a research report on Monday, November 6th. ValuEngine raised shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. TheStreet downgraded shares of Select Medical from a “b-” rating to a “c+” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Select Medical from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Bank of America raised shares of Select Medical from an “underperform” rating to a “neutral” rating and set a $19.00 price objective for the company in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Select Medical presently has a consensus rating of “Hold” and an average target price of $20.25.
In related news, insider Martin F. Jackson sold 134,029 shares of Select Medical stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $17.05, for a total transaction of $2,285,194.45. Following the transaction, the insider now owns 1,717,944 shares in the company, valued at approximately $29,290,945.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott A. Romberger sold 5,000 shares of Select Medical stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $17.97, for a total transaction of $89,850.00. Following the transaction, the insider now owns 168,211 shares in the company, valued at approximately $3,022,751.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,955 shares of company stock valued at $5,052,199. Insiders own 19.93% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Select Medical by 4.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,709 shares of the health services provider’s stock valued at $133,000 after buying an additional 396 shares in the last quarter. Elkfork Partners LLC purchased a new position in shares of Select Medical during the 4th quarter valued at $181,000. Eqis Capital Management Inc. purchased a new position in shares of Select Medical during the 3rd quarter valued at $201,000. Xact Kapitalforvaltning AB purchased a new position in shares of Select Medical during the 4th quarter valued at $223,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Select Medical during the 3rd quarter valued at $265,000. Institutional investors own 79.89% of the company’s stock.
The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 3.36. The company has a market capitalization of $2,470.00, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30.
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Select Medical 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.
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