Select Medical Holdings Corp. (NYSE:SEM)’s share price dropped 3.2% during mid-day trading on Tuesday . The stock traded as low as $11.33 and last traded at $11.35, with a volume of 447,559 shares changing hands. The stock had previously closed at $11.73.

SEM has been the topic of several recent research reports. Zacks Investment Research raised shares of Select Medical Holdings Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, May 4th. Robert W. Baird reissued a “hold” rating on shares of Select Medical Holdings Corp. in a research note on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $13.67.

The firm has a 50-day moving average price of $11.31 and a 200-day moving average price of $11.33. The company has a market cap of $1.49 billion and a price-to-earnings ratio of 10.12.

Select Medical Holdings Corp. (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts predict that Select Medical Holdings Corp. will post $0.80 earnings per share for the current year.

In other news, insider David S. Chernow sold 8,536 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $12.13, for a total value of $103,541.68. Following the completion of the transaction, the insider now directly owns 1,060,050 shares of the company’s stock, valued at $12,858,406.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Dalton, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $12.37, for a total value of $148,440.00. Following the completion of the transaction, the director now directly owns 95,979 shares of the company’s stock, valued at $1,187,260.23. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in SEM. New York State Common Retirement Fund raised its position in 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 valued at $1,196,000 after buying an additional 4,500 shares in the last quarter. Rhumbline Advisers raised its position in Select Medical Holdings Corp. by 9.3% in the fourth quarter. Rhumbline Advisers now owns 121,833 shares of the company’s stock valued at $1,451,000 after buying an additional 10,360 shares in the last quarter. First Trust Advisors LP raised its position in 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 valued at $1,661,000 after buying an additional 15,887 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Select Medical Holdings Corp. by 12.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 168,100 shares of the company’s stock valued at $2,002,000 after buying an additional 18,400 shares in the last quarter. Finally, Royce & Associates LLC raised its position in Select Medical Holdings Corp. by 15.9% in the fourth quarter. Royce & Associates LLC now owns 190,000 shares of the company’s stock valued at $2,263,000 after buying an additional 26,000 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.