Select Medical (NYSE:SEM) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Select Medical (NYSE:SEM) from a buy rating to a hold rating in a report published on Tuesday.

Several other research firms have also commented on SEM. Bank of America initiated coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday. Finally, Benchmark restated a “buy” rating and set a $48.00 target price on shares of Select Medical in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Select Medical presently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

Select Medical Stock Performance

Select Medical stock opened at $37.21 on Tuesday. The company’s 50-day moving average price is $34.31 and its 200-day moving average price is $34.21. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a market cap of $4.82 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.09 and a beta of 1.42. Select Medical has a twelve month low of $21.28 and a twelve month high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts forecast that Select Medical will post 2.15 EPS for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Select Medical by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after buying an additional 330 shares in the last quarter. Foster & Motley Inc. grew its holdings in Select Medical by 3.1% during the 2nd quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock worth $426,000 after acquiring an additional 370 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Select Medical by 6.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock valued at $198,000 after purchasing an additional 405 shares during the period. Arizona State Retirement System lifted its position in shares of Select Medical by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider’s stock worth $1,071,000 after purchasing an additional 593 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Select Medical by 528.7% during the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

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.