Select Medical’s (SEM) Hold Rating Reaffirmed at Benchmark

Select Medical (NYSE:SEM)‘s stock had its “hold” rating restated by equities research analysts at Benchmark in a research report issued on Wednesday,Benzinga reports.

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.50 target price (down from $19.00) on shares of Select Medical in a research report on Tuesday. Weiss Ratings raised shares of Select Medical from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research cut Select Medical from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

Select Medical Trading Up 8.3%

Shares of Select Medical stock opened at $16.25 on Wednesday. Select Medical has a fifty-two week low of $11.65 and a fifty-two week high of $18.60. The business’s fifty day moving average is $15.31 and its two-hundred day moving average is $14.23. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. The firm has a market cap of $2.02 billion, a PE ratio of 14.13, a P/E/G ratio of 0.85 and a beta of 1.22.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, February 19th. The health services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). Select Medical had a net margin of 2.68% and a return on equity of 7.26%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. Analysts anticipate that Select Medical will post 1.17 earnings per share for the current year.

Select Medical declared that its board has approved a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the health services provider to repurchase up to 49.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Select Medical

A number of large investors have recently modified their holdings of the stock. 8 Knots Management LLC acquired a new stake in Select Medical in the second quarter valued at $26,568,000. Millennium Management LLC increased its position in shares of Select Medical by 407.9% in the 3rd quarter. Millennium Management LLC now owns 1,590,339 shares of the health services provider’s stock worth $20,420,000 after purchasing an additional 1,277,233 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Select Medical in the 4th quarter valued at about $17,603,000. Western Standard LLC acquired a new position in Select Medical in the third quarter worth about $13,551,000. Finally, Eversept Partners LP bought a new stake in Select Medical in the fourth quarter valued at about $13,456,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Company Profile

Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.

Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.