Select Medical Holdings Co. (SEM) Upgraded by TheStreet to “B”

TheStreet upgraded shares of Select Medical Holdings Co. (NYSE:SEM) from a c+ rating to a b rating in a report issued on Thursday, April 13th.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Select Medical Holdings from a hold rating to a buy rating and set a $15.00 target price for the company in a research note on Tuesday, April 4th. Benchmark Co. began coverage on Select Medical Holdings in a research report on Friday, March 31st. They set a buy rating and a $16.00 price target for the company. Royal Bank of Canada reaffirmed a buy rating and set a $17.00 price target on shares of Select Medical Holdings in a research report on Tuesday, January 3rd. Finally, Wells Fargo & Co lowered Select Medical Holdings from an outperform rating to a market perform rating in a research report on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $14.50.

Shares of Select Medical Holdings (NYSE:SEM) opened at 13.40 on Thursday. Select Medical Holdings has a 52 week low of $10.08 and a 52 week high of $15.15. The firm has a market cap of $1.78 billion, a PE ratio of 23.47 and a beta of 1.06. The stock has a 50 day moving average price of $13.59 and a 200 day moving average price of $13.25.

Select Medical Holdings (NYSE:SEM) last released its earnings results on Thursday, February 23rd. The health services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Select Medical Holdings had a return on equity of 9.53% and a net margin of 2.91%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $0.22 EPS. Select Medical Holdings’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts expect that Select Medical Holdings will post $0.86 earnings per share for the current year.

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In other Select Medical Holdings news, insider David S. Chernow sold 116,050 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.01, for a total transaction of $1,625,860.50. Following the transaction, the insider now owns 749,075 shares in the company, valued at approximately $10,494,540.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott A. Romberger sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $14.52, for a total value of $58,080.00. Following the transaction, the insider now owns 162,211 shares in the company, valued at approximately $2,355,303.72. The disclosure for this sale can be found here. 19.63% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Select Medical Holdings by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock worth $111,000 after buying an additional 70 shares during the period. Envestnet Asset Management Inc. increased its position in Select Medical Holdings by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock worth $125,000 after buying an additional 107 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Select Medical Holdings by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 41,940 shares of the health services provider’s stock worth $560,000 after buying an additional 290 shares during the period. State of Alaska Department of Revenue increased its position in Select Medical Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 11,860 shares of the health services provider’s stock worth $158,000 after buying an additional 330 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Select Medical Holdings by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 47,000 shares of the health services provider’s stock worth $635,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Select Medical Holdings 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.

5 Day Chart for NYSE:SEM

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