Select Medical Holdings Corporation’s (NYSE:SEM) Buy Rating Reiterated at Robert W. Baird

Select Medical Holdings Corporation (NYSE:SEM)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a research note issued to investors on Tuesday, October 17th. They presently have a $21.00 price objective on the health services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 22.81% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Select Medical Holdings Corporation in a report on Wednesday, September 13th. BidaskClub upgraded shares of Select Medical Holdings Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, JMP Securities boosted their price target on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Select Medical Holdings Corporation currently has a consensus rating of “Hold” and a consensus price target of $18.14.

Shares of Select Medical Holdings Corporation (SEM) traded down $0.05 during trading on Tuesday, reaching $17.10. 752,742 shares of the company’s stock were exchanged, compared to its average volume of 1,430,000. The firm has a market capitalization of $2,360.00, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.32 and a beta of 1.39. 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 Holdings Corporation has a 1 year low of $10.20 and a 1 year high of $19.77.

Select Medical Holdings Corporation (NYSE:SEM) last issued its quarterly earnings results on Thursday, November 2nd. The health services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Select Medical Holdings Corporation had a return on equity of 11.44% and a net margin of 2.21%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.06 EPS. Select Medical Holdings Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts expect that Select Medical Holdings Corporation will post 0.87 earnings per share for the current year.

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In other Select Medical Holdings Corporation news, insider Michael E. Tarvin sold 18,500 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $18.97, for a total transaction of $350,945.00. Following the completion of the sale, the insider now owns 340,044 shares of the company’s stock, valued at approximately $6,450,634.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David S. Chernow sold 133,025 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $17.85, for a total transaction of $2,374,496.25. Following the completion of the transaction, the insider now owns 729,815 shares of the company’s stock, valued at $13,027,197.75. The disclosure for this sale can be found here. 19.93% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in SEM. BlackRock Inc. boosted its holdings in shares of Select Medical Holdings Corporation by 49,224.7% during the 1st quarter. BlackRock Inc. now owns 13,621,516 shares of the health services provider’s stock valued at $181,847,000 after acquiring an additional 13,593,900 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Select Medical Holdings Corporation by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,058,418 shares of the health services provider’s stock worth $107,579,000 after buying an additional 838,123 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Select Medical Holdings Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 9,560,777 shares of the health services provider’s stock worth $127,637,000 after buying an additional 528,762 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Select Medical Holdings Corporation 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 buying an additional 364,721 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Select Medical Holdings Corporation by 14.6% in the second quarter. Northern Trust Corp now owns 2,325,289 shares of the health services provider’s stock worth $35,694,000 after buying an additional 296,087 shares during the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Select Medical Holdings Corporation 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.

Analyst Recommendations for Select Medical Holdings Corporation (NYSE:SEM)

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