Zacks Investment Research upgraded shares of Select Medical Holdings Corporation (NYSE:SEM) from a sell rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania. “

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a buy rating and issued a $19.00 price target on shares of Select Medical Holdings Corporation in a research report on Wednesday, September 13th. ValuEngine upgraded shares of Select Medical Holdings Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Benchmark Co. lifted their price target on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the company a buy rating in a research report on Monday, August 7th. Deutsche Bank AG reiterated a buy rating and issued a $22.00 price target on shares of Select Medical Holdings Corporation in a research report on Monday. Finally, Robert W. Baird set a $25.00 price target on shares of Select Medical Holdings Corporation and gave the company a buy rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $18.14.

Select Medical Holdings Corporation (NYSE SEM) traded up $0.14 during midday trading on Tuesday, hitting $17.00. 946,898 shares of the stock were exchanged, compared to its average volume of 1,522,684. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 3.36. Select Medical Holdings Corporation has a 52 week low of $10.40 and a 52 week high of $19.77. The firm has a market capitalization of $2,275.02, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.32 and a beta of 1.40.

Select Medical Holdings Corporation (NYSE:SEM) last released its quarterly earnings results on Thursday, November 2nd. The health services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Select Medical Holdings Corporation had a net margin of 2.21% and a return on equity of 11.44%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. research analysts predict that Select Medical Holdings Corporation will post 0.86 earnings per share for the current year.

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

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Select Medical Holdings Corporation by 49,224.7% in the first quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock valued at $181,847,000 after acquiring an additional 13,593,900 shares during the last quarter. Vanguard Group Inc. increased its stake in Select Medical Holdings Corporation by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,929,821 shares of the health services provider’s stock valued at $152,423,000 after acquiring an additional 369,044 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Select Medical Holdings Corporation by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,142,478 shares of the health services provider’s stock worth $124,988,000 after buying an additional 84,060 shares during the last quarter. State Street Corp grew its stake in shares of Select Medical Holdings Corporation by 6.7% during the first quarter. State Street Corp now owns 2,784,592 shares of the health services provider’s stock worth $37,175,000 after buying an additional 174,261 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Select Medical Holdings Corporation by 14.6% during the second quarter. Northern Trust Corp now owns 2,325,289 shares of the health services provider’s stock worth $35,694,000 after buying an additional 296,087 shares during the last quarter. 78.93% of the stock is currently owned by institutional investors and hedge funds.

About Select Medical Holdings Corporation

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.

Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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