Select Medical Holdings (NYSE:SEM) Chairman Robert A. Ortenzio sold 85,740 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $18.57, for a total transaction of $1,592,191.80. Following the transaction, the chairman now owns 7,086,480 shares in the company, valued at $131,595,933.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Select Medical stock traded down $0.20 on Thursday, hitting $18.05. The stock had a trading volume of 9,491 shares, compared to its average volume of 568,127. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.66 and a current ratio of 1.66. Select Medical Holdings has a one year low of $13.30 and a one year high of $19.77. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.26 and a beta of 1.30.
Select Medical (NYSE:SEM) last issued its earnings results on Thursday, May 3rd. The health services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. Select Medical had a net margin of 4.23% and a return on equity of 15.19%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $0.21 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. equities research analysts forecast that Select Medical Holdings will post 1.05 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of SEM. Hood River Capital Management LLC grew its holdings in shares of Select Medical by 133.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,407,432 shares of the health services provider’s stock worth $42,491,000 after purchasing an additional 1,374,111 shares during the last quarter. Senzar Asset Management LLC bought a new position in shares of Select Medical in the fourth quarter worth approximately $8,657,000. Victory Capital Management Inc. grew its holdings in shares of Select Medical by 39.0% in the first quarter. Victory Capital Management Inc. now owns 1,740,986 shares of the health services provider’s stock worth $30,032,000 after purchasing an additional 488,636 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in Select Medical in the fourth quarter worth $7,596,000. Finally, BlackRock Inc. lifted its stake in Select Medical by 3.0% in the fourth quarter. BlackRock Inc. now owns 13,836,694 shares of the health services provider’s stock worth $244,216,000 after acquiring an additional 408,230 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.
A number of brokerages have commented on SEM. Zacks Investment Research upgraded shares of Select Medical from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 13th. Robert W. Baird reiterated a “buy” rating and set a $26.00 price target on shares of Select Medical in a research report on Friday, February 23rd. JMP Securities upgraded shares of Select Medical from an “underperform” rating to a “market perform” rating and set a $12.00 price target on the stock in a research report on Tuesday, February 27th. TheStreet upgraded shares of Select Medical from a “c+” rating to a “b-” rating in a research report on Thursday, March 1st. Finally, ValuEngine cut shares of Select Medical from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Select Medical presently has an average rating of “Buy” and a consensus target price of $20.63.
Select Medical Company Profile
Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates acute care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), outpatient rehabilitation clinics, and occupational medicine centers in the United States. The company operates through four segments: Long Term Acute Care, Inpatient Rehabilitation, Outpatient Rehabilitation, and Concentra.
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