Select Medical Holdings Corporation (SEM) Insider Scott A. Romberger Sells 5,000 Shares
Select Medical Holdings Corporation (NYSE:SEM) insider Scott A. Romberger sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $17.97, for a total value of $89,850.00. Following the sale, the insider now owns 168,211 shares of the company’s stock, valued at approximately $3,022,751.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Select Medical Holdings Corporation (NYSE SEM) traded down $0.25 during trading on Friday, reaching $17.40. The company had a trading volume of 492,684 shares, compared to its average volume of 745,533. Select Medical Holdings Corporation has a 1-year low of $12.00 and a 1-year high of $19.77. The company has a market capitalization of $2,362.00, a P/E ratio of 22.34, a P/E/G ratio of 1.37 and a beta of 1.36. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.51 and a quick ratio of 1.51.
Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, November 2nd. The health services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Select Medical had a return on equity of 11.44% and a net margin of 2.21%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.06 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts anticipate that Select Medical Holdings Corporation will post 0.86 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of SEM. Orbimed Advisors LLC boosted its position in Select Medical by 51.3% in the third quarter. Orbimed Advisors LLC now owns 5,578,500 shares of the health services provider’s stock worth $107,107,000 after purchasing an additional 1,891,100 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Select Medical in the third quarter worth $20,751,000. Hood River Capital Management LLC purchased a new position in Select Medical in the third quarter worth $19,840,000. Vanguard Group Inc. boosted its position in Select Medical by 3.9% in the second quarter. Vanguard Group Inc. now owns 9,929,821 shares of the health services provider’s stock worth $152,423,000 after purchasing an additional 369,044 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in Select Medical by 24.5% in the second quarter. Voya Investment Management LLC now owns 1,850,668 shares of the health services provider’s stock worth $28,407,000 after purchasing an additional 364,721 shares during the last quarter. 77.92% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on SEM shares. ValuEngine upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Select Medical from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Select Medical in a report on Wednesday, September 13th. Robert W. Baird set a $25.00 price objective on Select Medical and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Deutsche Bank restated a “buy” rating and set a $22.00 price objective on shares of Select Medical in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.50.
Select Medical Company Profile
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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