Select Medical Holdings Corporation (NYSE:SEM) Receives Consensus Recommendation of “Hold” from Analysts

Select Medical Holdings Corporation (NYSE:SEM) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.29.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday. JMP Securities increased their price objective on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a report on Monday, August 7th. Deutsche Bank AG increased their price objective on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Benchmark Co. raised their price target on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Robert W. Baird upgraded shares of Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the company from $15.00 to $21.00 in a report on Monday, August 7th.

Select Medical Holdings Corporation (NYSE SEM) opened at 17.15 on Monday. The company’s 50 day moving average is $16.11 and its 200-day moving average is $14.15. The stock has a market cap of $2.28 billion, a PE ratio of 27.18 and a beta of 1.45. Select Medical Holdings Corporation has a 1-year low of $10.20 and a 1-year high of $18.80.

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

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In other news, insider Scott A. Romberger sold 3,127 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $14.37, for a total transaction of $44,934.99. Following the completion of the sale, the insider now owns 159,084 shares of the company’s stock, valued at $2,286,037.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael E. Tarvin sold 4,500 shares of the firm’s 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 sale, the executive vice president now directly owns 324,137 shares of the company’s stock, valued at approximately $4,943,089.25. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock valued at $768,517 in the last ninety days. 19.93% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Select Medical Holdings Corporation by 49,224.7% in the first quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock worth $181,847,000 after buying an additional 13,593,900 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Select Medical Holdings Corporation by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,929,821 shares of the health services provider’s stock valued at $152,423,000 after buying an additional 369,044 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Select Medical Holdings Corporation by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,142,478 shares of the health services provider’s stock valued at $124,988,000 after buying an additional 84,060 shares during the period. Jana Partners LLC boosted its position in shares of Select Medical Holdings Corporation by 30.5% in the first quarter. Jana Partners LLC now owns 2,966,979 shares of the health services provider’s stock valued at $39,609,000 after buying an additional 693,581 shares during the period. Finally, State Street Corp boosted its position in shares of Select Medical Holdings Corporation by 6.7% in the first quarter. State Street Corp now owns 2,784,592 shares of the health services provider’s stock valued at $37,175,000 after buying an additional 174,261 shares during the period. 79.64% of the stock is owned by institutional investors and hedge funds.

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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