Select Medical (NYSE:SEM) Shares Gap Up – Here’s What Happened

Select Medical Holdings Corporation (NYSE:SEM)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $14.01, but opened at $15.91. Select Medical shares last traded at $16.5190, with a volume of 417,177 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Bank of America lowered their price target on shares of Select Medical from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Benchmark reiterated a “buy” rating on shares of Select Medical in a report on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Select Medical in a research report on Wednesday, October 8th. UBS Group reissued a “neutral” rating and set a $14.00 price target (down from $15.00) on shares of Select Medical in a research report on Monday, August 4th. Finally, Mizuho set a $17.00 price objective on shares of Select Medical in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Select Medical has a consensus rating of “Moderate Buy” and an average price target of $17.80.

Select Medical Trading Down 0.6%

The stock’s fifty day simple moving average is $13.42 and its 200-day simple moving average is $13.85. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $1.92 billion, a PE ratio of 14.60, a PEG ratio of 0.57 and a beta of 1.30.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 30th. The health services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Select Medical had a return on equity of 8.87% and a net margin of 2.37%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Select Medical has set its FY 2025 guidance at 1.140-1.240 EPS. On average, sell-side analysts forecast that Select Medical Holdings Corporation will post 1.17 earnings per share for the current year.

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, November 12th. Select Medical’s payout ratio is presently 29.07%.

Institutional Investors Weigh In On Select Medical

Several hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in shares of Select Medical by 13.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 7,135 shares of the health services provider’s stock valued at $108,000 after buying an additional 834 shares during the last quarter. Brucke Financial Inc. lifted its holdings in Select Medical by 7.0% in the second quarter. Brucke Financial Inc. now owns 13,638 shares of the health services provider’s stock valued at $207,000 after acquiring an additional 898 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Select Medical by 20.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,784 shares of the health services provider’s stock worth $74,000 after purchasing an additional 999 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Select Medical by 61.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock valued at $45,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Select Medical by 5.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 24,816 shares of the health services provider’s stock worth $319,000 after buying an additional 1,200 shares in the last quarter. 89.48% of the stock is 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.