Select Medical Holdings Corp. (SEM) Trading Down 2.1%
Select Medical Holdings Corp. (NYSE:SEM) shares traded down 2.1% during trading on Wednesday . The stock traded as low as $11.49 and last traded at $11.54, with a volume of 261,984 shares traded. The stock had previously closed at $11.79.
Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Select Medical Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Robert W. Baird reiterated 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 issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $13.67.
The company has a market cap of $1.49 billion and a price-to-earnings ratio of 10.10. The stock’s 50-day moving average price is $11.39 and its 200 day moving average price is $11.42.
Select Medical Holdings Corp. (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.01. During the same period in the previous year, the company earned $0.28 EPS. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. The company’s revenue was up 23.7% on a year-over-year basis. Equities research analysts expect that Select Medical Holdings Corp. will post $0.80 earnings per share for the current fiscal year.
In other news, insider David S. Chernow sold 8,536 shares of Select Medical Holdings Corp. stock in a transaction on Monday, August 8th. The shares were sold at an average price of $12.13, for a total value of $103,541.68. Following the transaction, the insider now directly owns 1,060,050 shares of the company’s stock, valued at approximately $12,858,406.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other institutional investors have made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 worth $2,002,000 after buying an additional 18,400 shares during the last quarter. Royce & Associates LLC boosted 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 boosted 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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