Select Medical (NYSE:SEM) Sets New 52-Week Low – Here’s Why

Select Medical Holdings Co. (NYSE:SEM) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $19.92 and last traded at $19.92, with a volume of 114232 shares traded. The stock had previously closed at $20.57.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Bank of America assumed coverage on Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target on the stock. Benchmark lowered Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Tuesday.

Select Medical Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $33.53 and a 200 day moving average price of $34.53. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.47 and a beta of 1.43.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that Select Medical Holdings Co. will post 1.74 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were given a $0.125 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.47%. Select Medical’s payout ratio is 23.36%.

Insiders Place Their Bets

In other Select Medical news, Director Marilyn B. Tavenner sold 32,000 shares of Select Medical stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the transaction, the director now owns 22,000 shares of the company’s stock, valued at $463,980. This trade represents a 59.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Select Medical

Hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC raised its holdings in shares of Select Medical by 528.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after purchasing an additional 645 shares during the period. Quarry LP purchased a new position in Select Medical in the 3rd quarter valued at approximately $30,000. Transcendent Capital Group LLC purchased a new position in Select Medical in the 2nd quarter valued at approximately $35,000. Canada Pension Plan Investment Board purchased a new position in Select Medical in the 2nd quarter valued at approximately $39,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Select Medical in the 2nd quarter valued at approximately $60,000. Institutional investors own 89.48% of the company’s stock.

Select Medical Company Profile

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.