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

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

Several other analysts also recently weighed in on the company. Benchmark restated a “buy” rating and set a $48.00 target price on shares of Select Medical in a research note on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Bank of America started coverage on Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Select Medical has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Select Medical Stock Performance

NYSE:SEM opened at $39.27 on Tuesday. 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’s fifty day simple moving average is $34.48 and its 200 day simple moving average is $34.35. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.99 and a beta of 1.42. Select Medical has a twelve month low of $21.56 and a twelve month high of $40.50.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities research analysts expect that Select Medical will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

Hedge Funds Weigh In On Select Medical

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in shares of Select Medical during the first quarter valued at approximately $467,000. UniSuper Management Pty Ltd bought a new position in shares of Select Medical during the first quarter valued at approximately $730,000. First Eagle Investment Management LLC grew its holdings in shares of Select Medical by 14.8% during the first quarter. First Eagle Investment Management LLC now owns 275,559 shares of the health services provider’s stock valued at $8,308,000 after purchasing an additional 35,512 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of Select Medical during the second quarter valued at approximately $14,819,000. Finally, Comerica Bank grew 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 valued at $2,065,000 after purchasing an additional 15,824 shares during the last quarter. 89.48% of the stock is 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.