Select Medical Holdings Corp. (SEM) Insider Sells $675,500.00 in Stock
Select Medical Holdings Corp. (NYSE:SEM) insider David S. Chernow sold 50,000 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $13.51, for a total transaction of $675,500.00. Following the sale, the insider now owns 799,075 shares in the company, valued at $10,795,503.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Select Medical Holdings Corp. (NYSE:SEM) opened at 13.94 on Monday. The stock has a 50 day moving average of $12.52 and a 200-day moving average of $12.08. Select Medical Holdings Corp. has a 12 month low of $7.33 and a 12 month high of $14.30. The company has a market cap of $1.83 billion, a P/E ratio of 12.45 and a beta of 1.35.
Select Medical Holdings Corp. (NYSE:SEM) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. Select Medical Holdings Corp. had a net margin of 3.47% and a return on equity of 12.35%. The firm earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts expect that Select Medical Holdings Corp. will post $0.78 EPS for the current year.
Several large investors have recently bought and sold shares of SEM. Norges Bank purchased a new stake in Select Medical Holdings Corp. during the fourth quarter worth approximately $10,300,000. BlackRock Inc. raised its stake in Select Medical Holdings Corp. by 251.1% in the first quarter. BlackRock Inc. now owns 10,588 shares of the company’s stock worth $125,000 after buying an additional 7,572 shares in the last quarter. BlackRock Group LTD raised its stake in Select Medical Holdings Corp. by 10.7% in the first quarter. BlackRock Group LTD now owns 96,648 shares of the company’s stock worth $1,142,000 after buying an additional 9,373 shares in the last quarter. BlackRock Fund Advisors raised its stake in Select Medical Holdings Corp. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 7,182,785 shares of the company’s stock worth $84,829,000 after buying an additional 48,735 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Select Medical Holdings Corp. by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,547,780 shares of the company’s stock worth $30,089,000 after buying an additional 36,050 shares in the last quarter. 80.75% of the stock is currently owned by institutional investors.
SEM has been the topic of several recent research reports. Zacks Investment Research lowered shares of Select Medical Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Thursday. JMP Securities lowered shares of Select Medical Holdings Corp. from a “market perform” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research note on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.33.
About Select Medical Holdings Corp.
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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