Select Medical Holdings Co. (NYSE:SEM) Receives $34.25 Consensus Target Price from Brokerages

Shares of Select Medical Holdings Co. (NYSE:SEM) have earned an average rating of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $34.25.

A number of analysts recently commented on the company. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Royal Bank of Canada increased their price objective on Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $39.00 price objective on shares of Select Medical in a research note on Friday, May 3rd.

Insider Buying and Selling

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Select Medical

Large investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Select Medical in the 3rd quarter worth about $29,000. GAMMA Investing LLC acquired a new stake in shares of Select Medical in the fourth quarter valued at about $33,000. Fidelis Capital Partners LLC acquired a new stake in shares of Select Medical in the first quarter valued at about $47,000. Covestor Ltd grew its stake in shares of Select Medical by 74.9% in the third quarter. Covestor Ltd now owns 4,292 shares of the health services provider’s stock valued at $108,000 after buying an additional 1,838 shares in the last quarter. Finally, CI Investments Inc. acquired a new stake in shares of Select Medical in the third quarter valued at about $147,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Stock Down 0.4 %

Select Medical stock opened at $34.08 on Monday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. Select Medical has a fifty-two week low of $21.28 and a fifty-two week high of $35.08. The stock’s fifty day moving average is $31.70 and its two-hundred day moving average is $28.42.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, May 2nd. The health services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.22. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. Analysts predict that Select Medical will post 2.1 EPS for the current fiscal year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.50 annualized dividend and a yield of 1.47%. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

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.