Select Medical Holdings Co. (NYSE:SEM) dropped 5.4% during trading on Tuesday . The company traded as low as $16.75 and last traded at $16.75. Approximately 1,608,697 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 880,912 shares. The stock had previously closed at $17.70.

SEM has been the topic of a number of research reports. ValuEngine raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Select Medical from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $22.00 target price on shares of Select Medical in a report on Monday, November 6th. Robert W. Baird reissued a “buy” rating and set a $21.00 target price on shares of Select Medical in a report on Tuesday, October 17th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $19.00 target price on shares of Select Medical in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.50.

The stock has a market cap of $2,241.56, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.31 and a beta of 1.35. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 3.36.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, November 2nd. The health services provider reported $0.14 earnings per share (EPS) for the quarter, missing the 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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Select Medical Holdings Co. will post 0.85 EPS for the current year.

In related news, insider Michael E. Tarvin sold 18,500 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $18.97, for a total value of $350,945.00. Following the completion of the transaction, the insider now directly owns 340,044 shares of the company’s stock, valued at $6,450,634.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott A. Romberger sold 5,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $17.97, for a total transaction of $89,850.00. Following the completion of the transaction, the insider now directly owns 168,211 shares of the company’s stock, valued at $3,022,751.67. The disclosure for this sale can be found here. Corporate insiders own 19.93% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Select Medical by 2.6% in the second quarter. Amalgamated Bank now owns 14,806 shares of the health services provider’s stock worth $227,000 after buying an additional 376 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Select Medical by 4.8% during the second quarter. PNC Financial Services Group Inc. now owns 8,709 shares of the health services provider’s stock valued at $133,000 after purchasing an additional 396 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Select Medical by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 50,364 shares of the health services provider’s stock valued at $773,000 after purchasing an additional 487 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Select Medical by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 83,940 shares of the health services provider’s stock valued at $1,288,000 after purchasing an additional 603 shares in the last quarter. Finally, Texas Permanent School Fund grew its holdings in shares of Select Medical by 0.8% during the second quarter. Texas Permanent School Fund now owns 78,467 shares of the health services provider’s stock valued at $1,204,000 after buying an additional 655 shares during the last quarter. 77.93% of the stock is owned by institutional investors.

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About Select Medical

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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