Select Medical Holdings Corporation (NYSE:SEM) Price Target Increased to $22.00 by Analysts at Deutsche Bank AG

Select Medical Holdings Corporation (NYSE:SEM) had its target price increased by Deutsche Bank AG from $20.00 to $22.00 in a research report issued on Monday, August 7th. The brokerage presently has a “hold” rating on the health services provider’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 31.34% from the stock’s previous close.

A number of other research firms have also recently commented on SEM. Benchmark Co. upped their target price on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Robert W. Baird raised shares of Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the company from $15.00 to $21.00 in a research report on Monday, August 7th. BidaskClub cut shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Select Medical Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, TheStreet raised shares of Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Select Medical Holdings Corporation currently has a consensus rating of “Hold” and a consensus target price of $17.29.

Select Medical Holdings Corporation (NYSE SEM) traded up 0.30% during trading on Monday, reaching $16.75. 595,411 shares of the company’s stock traded hands. The company has a 50-day moving average price of $16.39 and a 200 day moving average price of $14.26. The firm has a market capitalization of $2.23 billion, a PE ratio of 26.55 and a beta of 1.45. Select Medical Holdings Corporation has a one year low of $10.20 and a one 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Select Medical Holdings Corporation’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Select Medical Holdings Corporation will post $0.90 earnings per share for the current fiscal year.

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In related news, EVP Michael E. Tarvin sold 7,948 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $15.25, for a total transaction of $121,207.00. Following the sale, the executive vice president now directly owns 324,137 shares in the company, valued at $4,943,089.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael E. Tarvin sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total transaction of $533,750.00. Following the sale, the insider now owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock worth $768,517 over the last 90 days. Insiders own 19.93% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Select Medical Holdings Corporation during the fourth quarter worth $409,000. AQR Capital Management LLC raised its position in shares of Select Medical Holdings Corporation by 2.4% in the fourth quarter. AQR Capital Management LLC now owns 28,061 shares of the health services provider’s stock valued at $372,000 after buying an additional 658 shares in the last quarter. Norges Bank bought a new position in shares of Select Medical Holdings Corporation during the fourth quarter valued at approximately $16,184,000. Teachers Advisors LLC raised its position in shares of Select Medical Holdings Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 189,476 shares of the health services provider’s stock valued at $2,511,000 after buying an additional 5,286 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Select Medical Holdings Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the health services provider’s stock valued at $585,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.

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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