Zacks Investment Research upgraded shares of Select Medical (NYSE:SEM) from a strong sell rating to a hold rating in a report issued on Tuesday morning.
According to Zacks, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania. “
Other analysts also recently issued research reports about the stock. Barclays started coverage on shares of Select Medical in a report on Friday, December 14th. They set an equal weight rating and a $20.00 price target on the stock. ValuEngine downgraded shares of Select Medical from a buy rating to a hold rating in a report on Thursday, December 13th. Finally, Credit Suisse Group lowered their price objective on shares of Select Medical from $21.00 to $16.00 and set a neutral rating on the stock in a research note on Monday, January 7th.
Shares of NYSE SEM opened at $14.23 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 3.55. The stock has a market cap of $1.87 billion, a PE ratio of 13.82, a P/E/G ratio of 0.92 and a beta of 1.32. Select Medical has a 52-week low of $13.54 and a 52-week high of $21.65.
Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, February 21st. The health services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Select Medical had a net margin of 2.67% and a return on equity of 14.43%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. On average, equities research analysts forecast that Select Medical will post 1.08 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Select Medical by 25.5% in the 4th quarter. Geode Capital Management LLC now owns 1,317,955 shares of the health services provider’s stock worth $20,230,000 after purchasing an additional 267,547 shares during the period. Norges Bank bought a new position in shares of Select Medical in the 4th quarter worth approximately $29,865,000. Amalgamated Bank bought a new position in shares of Select Medical in the 4th quarter worth approximately $260,000. Millennium Management LLC lifted its stake in shares of Select Medical by 29.2% in the 4th quarter. Millennium Management LLC now owns 774,954 shares of the health services provider’s stock worth $11,896,000 after purchasing an additional 174,931 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Select Medical by 1.7% in the 4th quarter. Legal & General Group Plc now owns 300,328 shares of the health services provider’s stock worth $4,622,000 after purchasing an additional 4,966 shares during the period. Hedge funds and other institutional investors own 76.39% of the company’s stock.
Select Medical Company Profile
Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates through four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.
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