Select Medical Holdings Co. (NYSE:SEM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Select Medical Holdings Co. (NYSE:SEM) have earned an average rating of “Moderate Buy” from the four analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $39.00.

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Bank of America began coverage on shares of Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $48.00 target price on shares of Select Medical in a research note on Friday, August 2nd.

Institutional Trading of Select Medical

Large investors have recently bought and sold shares of the business. Creative Planning raised its holdings in shares of Select Medical by 32.0% during the 2nd quarter. Creative Planning now owns 15,776 shares of the health services provider’s stock worth $553,000 after acquiring an additional 3,824 shares during the period. Mackenzie Financial Corp lifted its position in Select Medical by 176.6% in the second quarter. Mackenzie Financial Corp now owns 18,534 shares of the health services provider’s stock valued at $650,000 after buying an additional 11,833 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Select Medical by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 60,737 shares of the health services provider’s stock worth $2,129,000 after buying an additional 2,886 shares during the period. Millennium Management LLC increased its position in shares of Select Medical by 183.9% during the second quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock valued at $23,824,000 after acquiring an additional 440,140 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Select Medical by 17.9% in the 2nd quarter. AQR Capital Management LLC now owns 10,910 shares of the health services provider’s stock valued at $383,000 after acquiring an additional 1,656 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Up 0.2 %

Select Medical stock opened at $36.07 on Friday. Select Medical has a 52 week low of $21.28 and a 52 week high of $40.50. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The business’s 50-day moving average price is $35.78 and its 200 day moving average price is $32.16. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.61 earnings per share. Select Medical’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Select Medical will post 2.18 earnings per share for the current year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical’s payout ratio is 23.81%.

Select Medical Company Profile

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. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.