Select Medical Holdings Corporation (NYSE:SEM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm presently has a $19.00 price target on the health services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 7.34% from the stock’s current price.

According to Zacks, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania. “

Other research analysts also recently issued reports about the stock. TheStreet upgraded shares of Select Medical Holdings Corporation from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. BidaskClub upgraded shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Benchmark Co. raised their price target on shares of Select Medical Holdings Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank AG raised their price target on shares of Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday. Finally, JMP Securities raised their price target on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.29.

Select Medical Holdings Corporation (NYSE SEM) opened at 17.70 on Tuesday. The firm has a 50-day moving average of $15.50 and a 200-day moving average of $14.01. Select Medical Holdings Corporation has a 1-year low of $10.20 and a 1-year high of $18.80. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 31.00 and a beta of 1.45.

Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that Select Medical Holdings Corporation will post $0.90 earnings per share for the current year.

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In related news, insider Scott A. Romberger sold 3,127 shares of Select Medical Holdings Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.37, for a total value of $44,934.99. Following the sale, the insider now directly owns 159,084 shares in the company, valued at approximately $2,286,037.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael E. Tarvin sold 4,500 shares of Select Medical Holdings Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $15.25, for a total transaction of $68,625.00. Following the completion of the sale, the executive vice president now owns 324,137 shares in the company, valued at $4,943,089.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,575 shares of company stock worth $768,517. 19.93% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Select Medical Holdings Corporation during the fourth quarter valued at $409,000. AQR Capital Management LLC increased its stake in shares of Select Medical Holdings Corporation by 2.4% in the fourth quarter. AQR Capital Management LLC now owns 28,061 shares of the health services provider’s stock valued at $372,000 after buying an additional 658 shares in the last quarter. Norges Bank purchased a new stake in shares of Select Medical Holdings Corporation during the fourth quarter valued at $16,184,000. Teachers Advisors LLC increased its stake in shares of Select Medical Holdings Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 189,476 shares of the health services provider’s stock valued at $2,511,000 after buying an additional 5,286 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Select Medical Holdings Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the health services provider’s stock valued at $585,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.

About Select Medical Holdings Corporation

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

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Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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