Select Medical (NYSE:SEM) Given New $14.00 Price Target at UBS Group

Select Medical (NYSE:SEM) had its price target lowered by UBS Group from $15.00 to $14.00 in a research report released on Monday,Benzinga reports. UBS Group currently has a neutral rating on the health services provider’s stock.

SEM has been the subject of several other reports. Mizuho initiated coverage on Select Medical in a report on Wednesday, April 16th. They issued an “outperform” rating and a $25.00 price target for the company. Royal Bank Of Canada reduced their price target on Select Medical from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.60.

Select Medical Stock Down 4.8%

SEM opened at $11.97 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $16.44. The stock has a market capitalization of $1.54 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.68 and a beta of 1.25. Select Medical has a 12 month low of $11.84 and a 12 month high of $40.98.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Select Medical had a return on equity of 8.87% and a net margin of 2.37%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. On average, equities analysts anticipate that Select Medical will post 1.17 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 13th. Select Medical’s payout ratio is 23.58%.

Select Medical declared that its board has initiated a stock repurchase program on Thursday, May 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the health services provider to reacquire up to 42.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Econ Financial Services Corp acquired a new position in shares of Select Medical during the 2nd quarter worth $822,000. Teacher Retirement System of Texas increased its position in Select Medical by 9.3% during the second quarter. Teacher Retirement System of Texas now owns 17,590 shares of the health services provider’s stock worth $267,000 after buying an additional 1,498 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Select Medical during the second quarter worth $1,319,000. Linden Thomas Advisory Services LLC increased its position in Select Medical by 88.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 56,367 shares of the health services provider’s stock worth $856,000 after buying an additional 26,500 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Select Medical by 24.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 129,982 shares of the health services provider’s stock worth $1,973,000 after buying an additional 25,583 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

About Select Medical

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.