Select Medical Holdings Corp. (NYSE:SEM) traded down 2.4% during mid-day trading on Monday . The stock traded as low as $11.66 and last traded at $11.95, with a volume of 397,424 shares trading hands. The stock had previously closed at $12.25.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Select Medical Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Robert W. Baird reaffirmed a “hold” rating on shares of Select Medical Holdings Corp. in a research note on Monday, May 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Select Medical Holdings Corp. has a consensus rating of “Buy” and a consensus target price of $14.00.

The company has a market cap of $1.56 billion and a PE ratio of 10.57. The company has a 50-day moving average of $11.19 and a 200-day moving average of $11.19.

Select Medical Holdings Corp. (NYSE:SEM) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.28 EPS. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts expect that Select Medical Holdings Corp. will post $0.85 EPS for the current year.

In other Select Medical Holdings Corp. news, Director James E. Dalton, Jr. sold 12,000 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $12.37, for a total transaction of $148,440.00. Following the completion of the transaction, the director now owns 95,979 shares of the company’s stock, valued at approximately $1,187,260.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and institutional investors have made changes to their positions in SEM. New York State Common Retirement Fund increased its position in shares of Select Medical Holdings Corp. by 4.7% in the fourth quarter. New York State Common Retirement Fund now owns 100,400 shares of the company’s stock worth $1,196,000 after buying an additional 4,500 shares during the last quarter. Rhumbline Advisers increased its position in shares of Select Medical Holdings Corp. by 9.3% in the fourth quarter. Rhumbline Advisers now owns 121,833 shares of the company’s stock worth $1,451,000 after buying an additional 10,360 shares during the last quarter. First Trust Advisors LP increased its position in shares of Select Medical Holdings Corp. by 12.9% in the fourth quarter. First Trust Advisors LP now owns 139,474 shares of the company’s stock worth $1,661,000 after buying an additional 15,887 shares during the last quarter. Royce & Associates LLC increased its position in shares of Select Medical Holdings Corp. by 15.9% in the fourth quarter. Royce & Associates LLC now owns 190,000 shares of the company’s stock worth $2,263,000 after buying an additional 26,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Select Medical Holdings Corp. by 48.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,485,445 shares of the company’s stock worth $17,692,000 after buying an additional 485,013 shares during the last quarter.

Select Medical Holdings Corporation is an operator of specialty hospitals and outpatient rehabilitation clinics. The Company, through its contract therapy business, provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites.

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