Select Medical Holdings Co. (NYSE:SEM) VP Sells $99,530.55 in Stock

Select Medical Holdings Co. (NYSE:SEM) VP Robert G. Breighner, Jr. sold 4,989 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total value of $99,530.55. Following the completion of the sale, the vice president now directly owns 30,356 shares of the company’s stock, valued at approximately $605,602.20. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Select Medical Price Performance

Shares of SEM traded down $0.63 during mid-day trading on Friday, hitting $19.82. The company’s stock had a trading volume of 1,262,999 shares, compared to its average volume of 671,786. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a 50-day simple moving average of $32.96 and a 200 day simple moving average of $34.33. The firm has a market capitalization of $2.57 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.41 and a beta of 1.43. Select Medical Holdings Co. has a 1-year low of $19.75 and a 1-year high of $40.98.

Select Medical (NYSE:SEM) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Analysts predict that Select Medical Holdings Co. will post 1.97 EPS for the current fiscal year.

Select Medical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s payout ratio is 23.36%.

Hedge Funds Weigh In On Select Medical

Several hedge funds have recently bought and sold shares of the stock. Kingsview Wealth Management LLC acquired a new stake in shares of Select Medical during the third quarter worth $1,927,000. Tidal Investments LLC acquired a new stake in shares of Select Medical during the first quarter worth $467,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Select Medical during the third quarter worth $1,592,000. Hood River Capital Management LLC acquired a new stake in shares of Select Medical during the second quarter worth $14,819,000. Finally, Comerica Bank boosted its holdings in shares of Select Medical by 30.0% during the first quarter. Comerica Bank now owns 68,485 shares of the health services provider’s stock worth $2,065,000 after purchasing an additional 15,824 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America assumed coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective for the company. Royal Bank of Canada increased their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, November 25th.

About Select Medical

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.