Select Medical Holdings Corporation (NYSE:SEM) PT Raised to $20.00

Select Medical Holdings Corporation (NYSE:SEM) had its price target raised by Benchmark Co. from $17.00 to $20.00 in a research note released on Monday, August 7th, MarketBeat reports. They currently have a buy rating on the health services provider’s stock.

Other equities research analysts also recently issued research reports about the company. BidaskClub raised Select Medical Holdings Corporation from a hold rating to a buy rating in a report on Thursday, June 29th. Robert W. Baird raised Select Medical Holdings Corporation from a neutral rating to an outperform rating and lifted their price target for the stock from $15.00 to $21.00 in a research note on Monday, August 7th. Zacks Investment Research raised Select Medical Holdings Corporation from a sell rating to a hold rating in a research note on Thursday, July 6th. Finally, TheStreet raised Select Medical Holdings Corporation from a c+ rating to a b rating in a research note on Thursday, April 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $17.29.

Shares of Select Medical Holdings Corporation (NYSE SEM) traded up 0.30% during midday trading on Monday, reaching $16.75. 595,411 shares of the company traded hands. The stock has a market capitalization of $2.23 billion, a P/E ratio of 26.55 and a beta of 1.45. The stock’s 50-day moving average is $16.39 and its 200-day moving average is $14.26. Select Medical Holdings Corporation has a 1-year low of $10.20 and a 1-year high of $18.80.

Select Medical Holdings Corporation (NYSE:SEM) last released its earnings results on Thursday, August 3rd. The health services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $0.23 earnings per share. Select Medical Holdings Corporation’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Select Medical Holdings Corporation will post $0.90 EPS for the current fiscal year.

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In related news, EVP Michael E. Tarvin sold 4,500 shares of Select Medical Holdings Corporation stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $15.25, for a total transaction of $68,625.00. Following the completion of the sale, the executive vice president now owns 324,137 shares in the company, valued at approximately $4,943,089.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael E. Tarvin sold 35,000 shares of Select Medical Holdings Corporation stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $15.25, for a total value of $533,750.00. Following the sale, the insider now owns 324,137 shares of the company’s stock, valued at approximately $4,943,089.25. The disclosure for this sale can be found here. Insiders have sold a total of 50,575 shares of company stock valued at $768,517 in the last ninety days. Corporate insiders own 19.93% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Gargoyle Investment Advisor L.L.C. bought a new stake in Select Medical Holdings Corporation during the first quarter worth approximately $162,000. Comerica Bank boosted its stake in Select Medical Holdings Corporation by 2.7% in the first quarter. Comerica Bank now owns 149,512 shares of the health services provider’s stock worth $2,048,000 after buying an additional 3,950 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Select Medical Holdings Corporation by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 1,508,997 shares of the health services provider’s stock worth $20,146,000 after buying an additional 120,145 shares in the last quarter. First Trust Advisors LP boosted its stake in Select Medical Holdings Corporation by 43.3% in the first quarter. First Trust Advisors LP now owns 180,436 shares of the health services provider’s stock worth $2,409,000 after buying an additional 54,557 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Select Medical Holdings Corporation by 8.6% in the first quarter. Great West Life Assurance Co. Can now owns 150,607 shares of the health services provider’s stock worth $2,003,000 after buying an additional 11,888 shares in the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.

Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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