Select Medical Holdings Corporation (NYSE:SEM) Price Target Increased to $20.00 by Analysts at Benchmark Co.

Select Medical Holdings Corporation (NYSE:SEM) had its target price hoisted by Benchmark Co. from $17.00 to $20.00 in a report released on Monday, August 7th, MarketBeat Ratings reports. They currently have a buy rating on the health services provider’s stock.

A number of other brokerages have also weighed in on SEM. Robert W. Baird raised Select Medical Holdings Corporation from a neutral rating to an outperform rating and lifted their target price for the company from $15.00 to $21.00 in a research report on Monday, August 7th. BidaskClub lowered Select Medical Holdings Corporation from a buy rating to a hold rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Select Medical Holdings Corporation from a sell rating to a hold rating in a report on Thursday, July 6th. Finally, TheStreet upgraded Select Medical Holdings Corporation from a c+ rating to a b rating in a report on Thursday, April 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Select Medical Holdings Corporation presently has a consensus rating of Hold and a consensus target price of $17.29.

Select Medical Holdings Corporation (SEM) traded up 0.30% during trading on Monday, hitting $16.75. 595,411 shares of the company’s stock traded hands. The company has a market cap of $2.23 billion, a PE ratio of 26.55 and a beta of 1.45. The company’s 50 day moving average price is $16.39 and its 200 day moving average price is $14.26. Select Medical Holdings Corporation has a 52-week low of $10.20 and a 52-week high of $18.80.

Select Medical Holdings Corporation (NYSE:SEM) last issued its earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. Select Medical Holdings Corporation’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Analysts expect that Select Medical Holdings Corporation will post $0.90 earnings per share for the current year.

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In other Select Medical Holdings Corporation news, insider Scott A. Romberger sold 3,127 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $14.37, for a total transaction of $44,934.99. Following the sale, the insider now owns 159,084 shares in the company, valued at approximately $2,286,037.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael E. Tarvin sold 4,500 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $15.25, for a total value of $68,625.00. Following the sale, the executive vice president now owns 324,137 shares in the company, valued at approximately $4,943,089.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,575 shares of company stock worth $768,517. 19.93% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Select Medical Holdings Corporation by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after buying an additional 70 shares during the period. Pacad Investment Ltd. boosted its position in shares of Select Medical Holdings Corporation by 58.7% in the second quarter. Pacad Investment Ltd. now owns 7,300 shares of the health services provider’s stock valued at $112,000 after buying an additional 2,700 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Select Medical Holdings Corporation during the first quarter valued at about $123,000. Envestnet Asset Management Inc. boosted its position in shares of Select Medical Holdings Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after buying an additional 107 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in shares of Select Medical Holdings Corporation by 78.0% in the second quarter. Riverhead Capital Management LLC now owns 8,722 shares of the health services provider’s stock valued at $134,000 after buying an additional 3,822 shares during the period. 79.42% of the stock is owned by institutional investors and hedge funds.

Select Medical Holdings Corporation 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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