Shares of Select Medical Holdings Co. (NYSE:SEM) gapped up before the market opened on Friday . The stock had previously closed at $18.90, but opened at $18.45. Select Medical shares last traded at $18.55, with a volume of 759862 shares traded.
A number of analysts have commented on SEM shares. Zacks Investment Research cut Select Medical from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Bank of America raised Select Medical from an “underperform” rating to a “neutral” rating and set a $19.00 price objective for the company in a report on Thursday, January 4th. Deutsche Bank reissued a “buy” rating and issued a $22.00 price objective on shares of Select Medical in a report on Monday, November 6th. Wells Fargo & Co assumed coverage on Select Medical in a report on Tuesday, January 30th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, ValuEngine raised Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.38.
The firm has a market cap of $2,474.22, a price-to-earnings ratio of 14.02, a PEG ratio of 1.15 and a beta of 1.30. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 2.87.
Select Medical (NYSE:SEM) last issued its quarterly earnings data on Wednesday, February 21st. The health services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.12. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Select Medical had a return on equity of 14.27% and a net margin of 3.99%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. equities research analysts predict that Select Medical Holdings Co. will post 1.07 EPS for the current year.
In related news, insider Martin F. Jackson sold 156,603 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $17.06, for a total value of $2,671,647.18. Following the completion of the transaction, the insider now owns 1,790,601 shares of the company’s stock, valued at approximately $30,547,653.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Martin F. Jackson sold 134,029 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $17.05, for a total value of $2,285,194.45. Following the completion of the transaction, the insider now directly owns 1,717,944 shares of the company’s stock, valued at approximately $29,290,945.20. The disclosure for this sale can be found here. Insiders sold a total of 295,955 shares of company stock valued at $5,052,199 in the last ninety days. 19.93% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orbimed Advisors LLC increased its stake in Select Medical by 51.3% during the 3rd quarter. Orbimed Advisors LLC now owns 5,578,500 shares of the health services provider’s stock worth $107,107,000 after buying an additional 1,891,100 shares in the last quarter. Hood River Capital Management LLC increased its stake in Select Medical by 133.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,407,432 shares of the health services provider’s stock worth $42,491,000 after buying an additional 1,374,111 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Select Medical during the 3rd quarter worth approximately $20,751,000. Senzar Asset Management LLC purchased a new stake in Select Medical during the 4th quarter worth approximately $8,657,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in Select Medical during the 4th quarter worth approximately $7,596,000. 79.89% of the stock is owned by institutional investors.
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About Select Medical
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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