Select Medical (NYSE:SEM) Stock 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered their target price on Select Medical to $39.00 in a research note on Monday, August 15th.

Select Medical Price Performance

The company has a 50 day moving average price of $26.97 and a 200 day moving average price of $25.11. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.88 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.86.

Select Medical (NYSE:SEMGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The health services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.08). Select Medical had a return on equity of 17.19% and a net margin of 3.68%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Select Medical Holdings Co. will post 1.9 earnings per share for the current year.

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 16th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.15%. Select Medical’s dividend payout ratio (DPR) is presently 28.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEM. Great West Life Assurance Co. Can lifted its holdings in shares of Select Medical by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 93,400 shares of the health services provider’s stock valued at $2,297,000 after purchasing an additional 604 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Select Medical by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 15,271 shares of the health services provider’s stock valued at $366,000 after purchasing an additional 792 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Select Medical by 0.9% in the first quarter. Yousif Capital Management LLC now owns 96,181 shares of the health services provider’s stock valued at $2,307,000 after purchasing an additional 813 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Select Medical by 4.7% in the first quarter. SummerHaven Investment Management LLC now owns 22,390 shares of the health services provider’s stock valued at $537,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Money Concepts Capital Corp raised its holdings in Select Medical by 11.5% during the second quarter. Money Concepts Capital Corp now owns 9,859 shares of the health services provider’s stock worth $248,000 after acquiring an additional 1,017 shares in the last quarter. 79.12% of the stock is owned by institutional investors and hedge funds.

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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