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

Shares of Select Medical Holdings Co. (NYSE:SEM) have been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.00.

Several equities analysts have recently commented on the stock. Bank of America began coverage on shares of Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. Benchmark restated a “buy” rating and issued a $48.00 target price on shares of Select Medical in a research report on Friday, September 6th.

Institutional Trading of Select Medical

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC increased its stake 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 acquiring an additional 645 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Select Medical during the 2nd quarter valued at $35,000. Canada Pension Plan Investment Board bought a new stake in shares of Select Medical in the 2nd quarter worth $39,000. Fidelis Capital Partners LLC acquired a new stake in shares of Select Medical in the first quarter valued at $47,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Select Medical during the second quarter valued at about $60,000. 89.48% of the stock is currently owned by institutional investors.

Select Medical Price Performance

Shares of NYSE:SEM opened at $32.54 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm has a 50-day simple moving average of $34.37 and a 200 day simple moving average of $33.79. Select Medical has a fifty-two week low of $21.28 and a fifty-two week high of $40.50. The company has a market cap of $4.23 billion, a PE ratio of 15.57, a P/E/G ratio of 2.03 and a beta of 1.41.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share 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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Select Medical will post 2.03 EPS for the current year.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.54%. Select Medical’s dividend payout ratio is presently 23.92%.

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.