Select Medical Holdings Corporation (SEM) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Select Medical Holdings Corporation (NYSE:SEM) from a buy rating to a hold rating in a research note published on Tuesday.

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. “

Several other research firms also recently weighed in on SEM. ValuEngine downgraded shares of Select Medical Holdings Corporation from a buy rating to a hold rating in a research report on Monday, October 2nd. Royal Bank Of Canada reiterated a buy rating and issued a $19.00 price target on shares of Select Medical Holdings Corporation in a research report on Wednesday, September 13th. JMP Securities increased their price target on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a market underperform rating in a research report on Monday, August 7th. Benchmark Co. increased their price target on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the stock a buy rating in a research report on Monday, August 7th. Finally, Deutsche Bank AG increased their price target on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a hold rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $17.57.

Select Medical Holdings Corporation (NYSE:SEM) traded up 0.84% on Tuesday, reaching $18.05. 40,039 shares of the company were exchanged. The firm has a 50-day moving average of $18.17 and a 200 day moving average of $15.61. The firm has a market capitalization of $2.40 billion, a P/E ratio of 28.61 and a beta of 1.42. Select Medical Holdings Corporation has a 12-month low of $10.20 and a 12-month high of $19.60.

Select Medical Holdings Corporation (NYSE:SEM) last released its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Select Medical Holdings Corporation will post $0.89 earnings per share for the current year.

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In related news, insider David S. Chernow sold 133,025 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $17.85, for a total transaction of $2,374,496.25. Following the completion of the transaction, the insider now directly owns 729,815 shares of the company’s stock, valued at $13,027,197.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.93% of the company’s stock.

Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Select Medical Holdings Corporation by 49,224.7% in the 1st quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock worth $181,847,000 after buying an additional 13,593,900 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Select Medical Holdings Corporation by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,929,821 shares of the health services provider’s stock worth $152,423,000 after buying an additional 369,044 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Select Medical Holdings Corporation by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,142,478 shares of the health services provider’s stock worth $124,988,000 after buying an additional 84,060 shares in the last quarter. Jana Partners LLC grew its stake in shares of Select Medical Holdings Corporation by 30.5% in the 1st quarter. Jana Partners LLC now owns 2,966,979 shares of the health services provider’s stock worth $39,609,000 after buying an additional 693,581 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Select Medical Holdings Corporation by 6.7% in the 1st quarter. State Street Corp now owns 2,784,592 shares of the health services provider’s stock worth $37,175,000 after buying an additional 174,261 shares in the last quarter. 79.02% 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.

Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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