Trade Report: The Select Medical Holdings Corp. (SEM) Rating Lowered to Sell at Zacks Investment Research

The Select Medical Holdings Corp. (SEM) Rating Lowered to Sell at Zacks Investment Research

Select Medical Holdings Corp. (NYSE:SEM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania. “

Separately, JMP Securities downgraded Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 target price for the company. in a report on Wednesday, September 28th. Two 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. Select Medical Holdings Corp. presently has a consensus rating of “Hold” and an average price target of $13.33.

Shares of Select Medical Holdings Corp. (NYSE:SEM) opened at 13.94 on Thursday. Select Medical Holdings Corp. has a 1-year low of $7.33 and a 1-year high of $14.30. The company has a market capitalization of $1.83 billion, a PE ratio of 12.45 and a beta of 1.35. The stock’s 50 day moving average price is $12.52 and its 200-day moving average price is $12.08.

Select Medical Holdings Corp. (NYSE:SEM) last announced its earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Select Medical Holdings Corp. had a net margin of 3.47% and a return on equity of 12.35%. Select Medical Holdings Corp.’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. On average, equities analysts predict that Select Medical Holdings Corp. will post $0.78 EPS for the current year.

In related news, insider David S. Chernow sold 90,164 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $12.11, for a total value of $1,091,886.04. Following the sale, the insider now directly owns 1,010,453 shares of the company’s stock, valued at $12,236,585.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David S. Chernow sold 50,000 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $13.51, for a total value of $675,500.00. Following the completion of the sale, the insider now directly owns 799,075 shares in the company, valued at $10,795,503.25. The disclosure for this sale can be found here. 19.63% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Rational Advisors LLC purchased a new stake in shares of Select Medical Holdings Corp. during the second quarter valued at $114,000. BlackRock Inc. boosted its stake in Select Medical Holdings Corp. by 251.1% in the first quarter. BlackRock Inc. now owns 10,588 shares of the company’s stock worth $125,000 after buying an additional 7,572 shares in the last quarter. PineBridge Investments L.P. boosted its stake in Select Medical Holdings Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 13,316 shares of the company’s stock worth $145,000 after buying an additional 483 shares in the last quarter. Amalgamated Bank boosted its stake in Select Medical Holdings Corp. by 14.3% in the second quarter. Amalgamated Bank now owns 12,658 shares of the company’s stock worth $145,000 after buying an additional 1,581 shares in the last quarter. Finally, Societe Generale bought a new stake in Select Medical Holdings Corp. during the second quarter worth approximately $155,000. 80.75% of the stock is currently owned by institutional investors.

Select Medical Holdings Corp. Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals and outpatient rehabilitation clinics. The Company, through its contract therapy business, provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites.

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