Select Medical (NYSE:SEM) Sets New 52-Week Low – What’s Next?

Select Medical Holdings Co. (NYSE:SEM)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $15.92 and last traded at $15.99, with a volume of 139764 shares changing hands. The stock had previously closed at $16.68.

Analyst Ratings Changes

A number of research firms have issued reports on SEM. Royal Bank of Canada reduced their target price on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group lowered their target price on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Select Medical has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Select Medical Trading Down 2.2 %

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 business has a 50 day simple moving average of $18.09 and a 200-day simple moving average of $24.45. The stock has a market capitalization of $2.04 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, analysts predict that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical’s payout ratio is 15.15%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SEM. Vanguard Group Inc. grew its holdings in shares of Select Medical by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider’s stock worth $239,640,000 after acquiring an additional 131,228 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Select Medical by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,431,469 shares of the health services provider’s stock worth $83,533,000 after purchasing an additional 62,585 shares in the last quarter. Invesco Ltd. raised its holdings in Select Medical by 48.6% during the 4th quarter. Invesco Ltd. now owns 2,643,943 shares of the health services provider’s stock worth $49,838,000 after buying an additional 864,852 shares during the period. Geode Capital Management LLC lifted its stake in Select Medical by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after buying an additional 46,880 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Select Medical by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider’s stock worth $45,310,000 after buying an additional 45,685 shares during the period. Institutional investors own 89.48% of the company’s stock.

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.