Todays Report: The Select Medical Holdings Corp. (SEM) Upgraded to Hold by Zacks Investment Research

The Select Medical Holdings Corp. (SEM) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Select Medical Holdings Corp. (NYSE:SEM) from a sell rating to a hold rating in a research note released on Wednesday morning.

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 shares of Select Medical Holdings Corp. from a market perform rating to an underperform rating and set a $10.00 price objective on the stock. in a report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $13.33.

Select Medical Holdings Corp. (NYSE:SEM) opened at 13.35 on Wednesday. Select Medical Holdings Corp. has a one year low of $7.33 and a one year high of $14.30. The stock has a market cap of $1.76 billion, a P/E ratio of 11.92 and a beta of 1.35. The firm’s 50-day moving average is $12.91 and its 200 day moving average is $12.19.

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

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

A number of institutional investors have recently modified their holdings of SEM. Foundry Partners LLC acquired a new position in shares of Select Medical Holdings Corp. during the second quarter valued at $9,338,000. Capstone Asset Management Co. increased its position in shares of Select Medical Holdings Corp. by 0.4% in the second quarter. Capstone Asset Management Co. now owns 46,370 shares of the company’s stock valued at $504,000 after buying an additional 170 shares during the period. Fisher Asset Management LLC increased its position in shares of Select Medical Holdings Corp. by 0.5% in the second quarter. Fisher Asset Management LLC now owns 4,834,631 shares of the company’s stock valued at $54,100,000 after buying an additional 26,368 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Select Medical Holdings Corp. by 130.9% in the second quarter. BNP Paribas Arbitrage SA now owns 40,206 shares of the company’s stock valued at $437,000 after buying an additional 22,797 shares during the period. Finally, Deerfield Management Co. acquired a new position in shares of Select Medical Holdings Corp. during the first quarter valued at $6,603,000. Institutional investors own 80.79% of the company’s stock.

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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