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

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

SEM has been the topic of a number of other reports. Bank of America initiated coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Royal Bank of Canada upped their price objective on Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and set a $48.00 price objective on shares of Select Medical in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Select Medical Price Performance

Shares of Select Medical stock opened at $39.19 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $5.07 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.66 and a beta of 1.42. Select Medical has a one year low of $22.26 and a one year high of $40.98. The stock’s fifty day moving average is $35.10 and its 200 day moving average is $34.97.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Select Medical will post 2.16 earnings per share for the current year.

Select Medical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. Select Medical’s dividend payout ratio is 23.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SEM. Point72 Asset Management L.P. grew its stake in Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock worth $71,825,000 after purchasing an additional 1,216,263 shares in the last quarter. Vanguard Group Inc. grew its stake in Select Medical by 5.3% in the first 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 in the last quarter. Millennium Management LLC grew its stake in Select Medical by 183.9% in the second quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock worth $23,824,000 after purchasing an additional 440,140 shares in the last quarter. Hood River Capital Management LLC bought a new position in Select Medical in the second quarter worth approximately $14,819,000. Finally, Ceredex Value Advisors LLC bought a new stake in Select Medical during the 2nd quarter valued at $11,456,000. 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.