Select Medical Holdings Co. (NYSE:SEM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Select Medical Holdings Co. (NYSE:SEM) have received a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $39.00.

SEM has been the topic of a number of recent analyst reports. Bank of America assumed coverage on shares of Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target on the stock. Benchmark restated a “buy” rating and set a $48.00 price target on shares of Select Medical in a report on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Select Medical by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,202,219 shares of the health services provider’s stock valued at $518,647,000 after buying an additional 90,604 shares during the period. Vanguard Group Inc. boosted its stake in Select Medical by 5.3% during the first quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after acquiring an additional 650,093 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Select Medical by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock worth $157,728,000 after purchasing an additional 95,578 shares during the period. Principal Financial Group Inc. increased its stake in shares of Select Medical by 4.5% during the first quarter. Principal Financial Group Inc. now owns 2,241,823 shares of the health services provider’s stock valued at $67,591,000 after purchasing an additional 95,707 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Select Medical by 15.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,739,361 shares of the health services provider’s stock valued at $40,875,000 after purchasing an additional 235,964 shares during the last quarter. Institutional investors own 89.48% of the company’s stock.

Select Medical Trading Down 4.0 %

NYSE SEM opened at $33.76 on Friday. The stock has a 50-day moving average of $35.86 and a 200-day moving average of $32.41. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical has a 1-year low of $21.28 and a 1-year high of $40.50. The firm has a market cap of $4.39 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Select Medical will post 2.07 EPS for the current year.

Select Medical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.48%. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

About Select Medical

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.