Select Medical Holdings Corp. (NYSE:SEM) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.65. The company issued revenue guidance of $4.25-4.30 billion, compared to the consensus revenue estimate of $4.29 billion.

Select Medical Holdings Corp. (NYSE:SEM) opened at 12.75 on Wednesday. The company has a 50-day moving average of $12.72 and a 200-day moving average of $12.15. Select Medical Holdings Corp. has a 1-year low of $7.33 and a 1-year high of $14.30. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.56 and a beta of 1.07.

Select Medical Holdings Corp. (NYSE:SEM) last issued its earnings results on Thursday, November 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.09. The firm earned $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Select Medical Holdings Corp. had a return on equity of 9.53% and a net margin of 2.91%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. Analysts anticipate that Select Medical Holdings Corp. will post $0.68 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on SEM. Zacks Investment Research downgraded shares of Select Medical Holdings Corp. from a hold rating to a sell rating in a research report on Thursday, October 6th. JMP Securities downgraded shares of Select Medical Holdings Corp. from a market perform rating to an underperform rating and set a $10.00 price objective on the stock. in a research report on Wednesday, September 28th.

In other Select Medical Holdings Corp. news, insider David S. Chernow sold 90,164 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $12.11, for a total transaction of $1,091,886.04. Following the completion of the sale, the insider now directly owns 1,010,453 shares of the company’s stock, valued at $12,236,585.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David S. Chernow sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $13.51, for a total transaction of $675,500.00. Following the sale, the insider now directly owns 799,075 shares of the company’s stock, valued at $10,795,503.25. The disclosure for this sale can be found here. Company insiders own 19.63% of the company’s stock.

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A number of hedge funds have recently made changes to their positions in SEM. TFS Capital LLC acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter worth approximately $171,000. Pacad Investment Ltd. acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter worth approximately $195,000. Deere & Co. acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter worth approximately $1,536,000. Cipher Capital LP boosted its stake in shares of Select Medical Holdings Corp. by 9.8% in the second quarter. Cipher Capital LP now owns 67,912 shares of the company’s stock worth $738,000 after buying an additional 6,081 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Select Medical Holdings Corp. during the second quarter worth approximately $342,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:SEM

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