Select Medical Holdings Co. (NYSE:SEM) Receives Average Rating of “Moderate Buy” from Brokerages

Select Medical Holdings Co. (NYSE:SEM) has earned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $39.00.

Several research firms recently weighed in on SEM. Benchmark reiterated a “buy” rating and set a $48.00 target price on shares of Select Medical in a research report on Friday, August 2nd. Bank of America initiated coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on shares of Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th.

Select Medical Price Performance

Select Medical stock opened at $36.07 on Friday. The firm’s 50-day moving average is $35.78 and its two-hundred day moving average is $32.16. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $4.69 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.51 and a beta of 1.43. Select Medical has a 12-month low of $21.28 and a 12-month high of $40.50.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Select Medical will post 2.18 earnings per share for the current year.

Select Medical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.39%. Select Medical’s dividend payout ratio (DPR) is 23.81%.

Hedge Funds Weigh In On Select Medical

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foster & Motley Inc. increased its position in shares of Select Medical by 3.1% in the 2nd quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock worth $426,000 after purchasing an additional 370 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Select Medical by 6.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock valued at $198,000 after purchasing an additional 405 shares during the period. Arizona State Retirement System grew its holdings in Select Medical by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider’s stock worth $1,071,000 after buying an additional 593 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Select Medical by 528.7% during the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Select Medical by 52.8% in the second quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after acquiring an additional 685 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

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.