Select Medical’s (SEM) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Select Medical (NYSE:SEM) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $48.00 target price on the health services provider’s stock.

Separately, Bank of America assumed coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Select Medical Stock Performance

Select Medical stock traded up $3.87 during mid-day trading on Friday, reaching $35.95. 1,546,539 shares of the company’s stock were exchanged, compared to its average volume of 472,234. The firm has a market capitalization of $4.67 billion, a PE ratio of 16.80, a P/E/G ratio of 1.98 and a beta of 1.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The business’s fifty day simple moving average is $34.26 and its 200 day simple moving average is $33.97. Select Medical has a one year low of $21.28 and a one year high of $40.50.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 17.56%. Select Medical’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, sell-side analysts expect that Select Medical will post 2.03 earnings per share for the current year.

Select Medical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s payout ratio is currently 23.36%.

Institutional Trading of Select Medical

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of 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 valued at $391,886,000 after purchasing an additional 650,093 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Select Medical by 179.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,528 shares of the health services provider’s stock worth $29,574,000 after acquiring an additional 541,728 shares during the last quarter. Millennium Management LLC boosted its position in shares of Select Medical by 183.9% during the 2nd quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock valued at $23,824,000 after acquiring an additional 440,140 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Select Medical during the second quarter worth about $14,819,000. Finally, Ceredex Value Advisors LLC bought a new position in shares of Select Medical in the 2nd quarter worth $11,456,000. 89.48% of the stock is currently owned by 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.