Select Medical Holdings Corporation (NYSE:SEM) gapped down before the market opened on Monday . The stock had previously closed at $16.35, but opened at $17.15. Select Medical Holdings Corporation shares last traded at $17.58, with a volume of 589116 shares changing hands.

Several equities research analysts recently weighed in on SEM shares. BidaskClub cut Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird upgraded Select Medical Holdings Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $15.00 to $21.00 in a report on Monday, August 7th. Benchmark Co. increased their target price on Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, August 7th. Deutsche Bank AG increased their target price on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, JMP Securities increased their target price on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.14.

The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 3.36. The firm has a market cap of $2,360.00, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.32 and a beta of 1.39.

Select Medical Holdings Corporation (NYSE:SEM) last released its quarterly earnings data on Thursday, November 2nd. The health services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Select Medical Holdings Corporation had a return on equity of 11.44% and a net margin of 2.21%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $0.06 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. research analysts anticipate that Select Medical Holdings Corporation will post 0.87 earnings per share for the current year.

In other Select Medical Holdings Corporation news, insider Michael E. Tarvin sold 18,500 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $18.97, for a total value of $350,945.00. Following the completion of the sale, the insider now owns 340,044 shares in the company, valued at approximately $6,450,634.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David S. Chernow sold 133,025 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $17.85, for a total value of $2,374,496.25. Following the completion of the sale, the insider now owns 729,815 shares of the company’s stock, valued at approximately $13,027,197.75. The disclosure for this sale can be found here. Company insiders own 19.93% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Select Medical Holdings Corporation by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after purchasing an additional 70 shares during the period. Amalgamated Bank lifted its stake in shares of Select Medical Holdings Corporation by 2.6% in the 2nd quarter. Amalgamated Bank now owns 14,806 shares of the health services provider’s stock valued at $227,000 after purchasing an additional 376 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Select Medical Holdings Corporation by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 50,364 shares of the health services provider’s stock valued at $773,000 after purchasing an additional 487 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Select Medical Holdings Corporation by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,940 shares of the health services provider’s stock valued at $1,288,000 after purchasing an additional 603 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of Select Medical Holdings Corporation by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 78,467 shares of the health services provider’s stock valued at $1,204,000 after purchasing an additional 655 shares during the period. Institutional investors own 78.93% of the company’s stock.

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Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

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