Select Medical (NYSE:SEM) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Select Medical (NYSE:SEM) from a buy rating to a hold rating in a research report released on Thursday.

Other analysts also recently issued reports about the company. Benchmark restated a “buy” rating and issued a $48.00 price target on shares of Select Medical in a research note on Friday, November 1st. Royal Bank of Canada lifted their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Bank of America started coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.75.

Select Medical Price Performance

Shares of NYSE SEM opened at $39.67 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market cap of $5.14 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.75 and a beta of 1.42. The stock has a 50 day moving average of $35.19 and a two-hundred day moving average of $35.03. Select Medical has a twelve month low of $22.26 and a twelve month high of $40.98.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts forecast that Select Medical will post 2.16 earnings per share for the current year.

Select Medical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.26%. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

Institutional Trading of Select Medical

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Select Medical by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after acquiring an additional 330 shares during the period. Foster & Motley Inc. increased its stake in shares of Select Medical by 3.1% in the second quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock valued at $426,000 after purchasing an additional 370 shares during the period. KBC Group NV raised its holdings in shares of Select Medical by 4.5% during the third quarter. KBC Group NV now owns 13,050 shares of the health services provider’s stock valued at $455,000 after buying an additional 563 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Select Medical by 2.0% during the second 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 during the period. Finally, Hexagon Capital Partners LLC grew its holdings in Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after buying an additional 645 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

Select Medical Company Profile

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.