Select Medical (NYSE:SEM) Share Price Crosses Above 200-Day Moving Average of $25.11

Select Medical Holdings Co. (NYSE:SEMGet Rating) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.11 and traded as high as $25.97. Select Medical shares last traded at $24.90, with a volume of 538,489 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their price objective on Select Medical to $39.00 in a report on Monday, August 15th.

Select Medical Trading Down 3.3 %

The company has a market cap of $3.14 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.86. The business has a 50-day simple moving average of $27.01 and a 200-day simple moving average of $25.11.

Select Medical (NYSE:SEMGet Rating) last announced its earnings results on Thursday, August 4th. The health services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.08). The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Select Medical had a net margin of 3.68% and a return on equity of 17.19%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 EPS. On average, analysts predict that Select Medical Holdings Co. will post 1.9 EPS for the current fiscal year.

Select Medical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Tuesday, August 16th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, August 15th. Select Medical’s dividend payout ratio is currently 28.74%.

Institutional Trading of Select Medical

A number of large investors have recently modified their holdings of SEM. First Quadrant LLC CA purchased a new position in Select Medical in the first quarter valued at $35,000. State of New Jersey Common Pension Fund D increased its holdings in Select Medical by 18.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 109,024 shares of the health services provider’s stock valued at $2,615,000 after buying an additional 17,329 shares during the last quarter. Duality Advisers LP purchased a new position in Select Medical in the first quarter valued at $1,281,000. Public Sector Pension Investment Board increased its holdings in Select Medical by 0.5% in the fourth quarter. Public Sector Pension Investment Board now owns 215,842 shares of the health services provider’s stock valued at $6,346,000 after buying an additional 1,020 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Select Medical by 5.6% in the first quarter. Teacher Retirement System of Texas now owns 22,030 shares of the health services provider’s stock valued at $529,000 after buying an additional 1,171 shares during the last quarter. Hedge funds and other institutional investors own 79.12% of the company’s stock.

About Select Medical

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Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. The company's Critical Illness Recovery Hospital segment consists of hospitals that provide services for heart failure, infectious disease, respiratory failure and pulmonary disease, surgery requiring prolonged recovery, renal disease, neurological events, and trauma.

Further Reading

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