Select Medical Holdings Co. (NYSE:SEM) gapped up before the market opened on Friday . The stock had previously closed at $18.90, but opened at $18.45. Select Medical shares last traded at $18.55, with a volume of 759862 shares changing hands.
SEM has been the subject of a number of research analyst reports. Zacks Investment Research raised Select Medical from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Deutsche Bank reaffirmed a “buy” rating and set a $22.00 target price on shares of Select Medical in a research report on Monday, November 6th. ValuEngine raised Select Medical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. TheStreet lowered Select Medical from a “b-” rating to a “c+” rating in a research report on Friday, February 2nd. Finally, Bank of America raised Select Medical from an “underperform” rating to a “neutral” rating and set a $19.00 target price for the company in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.38.
The stock has a market capitalization of $2,474.22, a price-to-earnings ratio of 14.02, a PEG ratio of 1.15 and a beta of 1.30. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.51 and a current ratio of 1.52.
Select Medical (NYSE:SEM) last announced its quarterly earnings results on Wednesday, February 21st. The health services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.12. Select Medical had a return on equity of 14.27% and a net margin of 3.99%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $0.12 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. equities research analysts expect that Select Medical Holdings Co. will post 1.07 earnings per share for the current fiscal year.
In related news, insider Martin F. Jackson sold 134,029 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $17.05, for a total transaction of $2,285,194.45. Following the transaction, the insider now directly owns 1,717,944 shares in the company, valued at approximately $29,290,945.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott A. Romberger sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $17.97, for a total value of $89,850.00. Following the transaction, the insider now owns 168,211 shares in the company, valued at $3,022,751.67. The disclosure for this sale can be found here. Insiders sold a total of 295,955 shares of company stock worth $5,052,199 over the last quarter. Company insiders own 19.93% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Parametrica Management Ltd purchased a new position in Select Medical during the 3rd quarter worth $653,000. Chicago Equity Partners LLC purchased a new position in Select Medical during the 3rd quarter worth $1,105,000. Affinity Wealth Management purchased a new position in Select Medical during the 3rd quarter worth $429,000. Cubist Systematic Strategies LLC acquired a new stake in Select Medical during the 3rd quarter worth about $1,748,000. Finally, Orbimed Advisors LLC lifted its position in Select Medical by 51.3% during the 3rd quarter. Orbimed Advisors LLC now owns 5,578,500 shares of the health services provider’s stock worth $107,107,000 after acquiring an additional 1,891,100 shares during the period. Hedge funds and other institutional investors own 79.89% of the company’s stock.
About Select Medical
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.
Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.