Select Medical Holdings Co. (NYSE:SEM) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.80.
A number of equities analysts have recently issued reports on SEM shares. ValuEngine downgraded Select Medical from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Credit Suisse Group started coverage on Select Medical in a research report on Tuesday, October 16th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research upgraded Select Medical from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th.
Shares of SEM stock opened at $20.09 on Friday. Select Medical has a 12 month low of $15.83 and a 12 month high of $21.65. The stock has a market cap of $2.67 billion, a PE ratio of 20.71, a PEG ratio of 1.34 and a beta of 1.39. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.72.
Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, November 1st. The health services provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Select Medical had a return on equity of 15.95% and a net margin of 4.32%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts predict that Select Medical will post 1.05 EPS for the current year.
In other news, Chairman Robert A. Ortenzio sold 11,923 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $20.00, for a total transaction of $238,460.00. Following the completion of the transaction, the chairman now directly owns 7,000,171 shares in the company, valued at $140,003,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.86% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Select Medical during the second quarter worth about $120,000. UBS Group AG raised its position in shares of Select Medical by 2,189.3% during the first quarter. UBS Group AG now owns 7,738 shares of the health services provider’s stock worth $133,000 after acquiring an additional 7,400 shares during the last quarter. Legacy Financial Advisors Inc. bought a new stake in Select Medical in the third quarter worth approximately $142,000. Public Employees Retirement Association of Colorado increased its holdings in Select Medical by 232.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 11,155 shares of the health services provider’s stock worth $205,000 after purchasing an additional 7,799 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Select Medical by 237.3% in the third quarter. Bank of Montreal Can now owns 11,483 shares of the health services provider’s stock worth $212,000 after purchasing an additional 8,079 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.
Select Medical Company Profile
Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates acute care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), outpatient rehabilitation clinics, and occupational medicine centers in the United States. The company operates through four segments: Long Term Acute Care, Inpatient Rehabilitation, Outpatient Rehabilitation, and Concentra.
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