Select Medical (NYSE:SEM) Reaches New 12-Month High at $36.44

Select Medical Holdings Co. (NYSE:SEM) reached a new 52-week high on Wednesday . The company traded as high as $36.44 and last traded at $36.17, with a volume of 107955 shares traded. The stock had previously closed at $36.16.

Analysts Set New Price Targets

Several research firms have recently commented on SEM. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their target price on shares of Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Benchmark restated a “buy” rating and set a $39.00 price target on shares of Select Medical in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.25.

Select Medical Stock Up 0.4 %

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.67 and a beta of 1.43. The business’s fifty day moving average is $33.02 and its two-hundred day moving average is $29.14.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, May 2nd. The health services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. Equities analysts forecast that Select Medical Holdings Co. will post 2.1 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, May 15th. Select Medical’s dividend payout ratio is presently 23.81%.

Insider Buying and Selling

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the transaction, the chairman now owns 6,689,668 shares in the company, valued at approximately $200,021,073.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Select Medical

Several hedge funds have recently made changes to their positions in SEM. Price T Rowe Associates Inc. MD increased its position in Select Medical by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,202,219 shares of the health services provider’s stock worth $518,647,000 after buying an additional 90,604 shares during the period. Vanguard Group Inc. boosted its stake in Select Medical by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after purchasing an additional 650,093 shares during the period. Dimensional Fund Advisors LP grew its position in Select Medical by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,431,681 shares of the health services provider’s stock worth $104,147,000 after purchasing an additional 48,300 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Select Medical by 4.5% in the first quarter. Principal Financial Group Inc. now owns 2,241,823 shares of the health services provider’s stock valued at $67,591,000 after buying an additional 95,707 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Select Medical by 15.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,739,361 shares of the health services provider’s stock worth $40,875,000 after buying an additional 235,964 shares during the period. Hedge funds and other 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.