Select Medical (NYSE:SEM) Hits New 52-Week High at $36.44

Select Medical Holdings Co. (NYSE:SEM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.44 and last traded at $36.17, with a volume of 107955 shares traded. The stock had previously closed at $36.16.

Analyst Ratings Changes

SEM has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $39.00 price target on shares of Select Medical in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Select Medical has an average rating of “Moderate Buy” and a consensus price target of $34.25.

Select Medical Stock Up 0.4 %

The company has a market capitalization of $4.72 billion, a PE ratio of 17.29, a PEG ratio of 1.72 and a beta of 1.43. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s 50 day moving average is $33.36 and its 200 day moving average is $29.24.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, May 2nd. The health services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.22. Select Medical had a net margin of 3.97% and a return on equity of 18.11%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. On average, sell-side analysts anticipate that Select Medical Holdings Co. will post 2.1 EPS for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, May 15th. Select Medical’s dividend payout ratio is currently 23.81%.

Insiders Place Their Bets

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the transaction, the chairman now owns 6,689,668 shares of the company’s stock, valued at $200,021,073.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Select Medical

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in shares of Select Medical in the fourth quarter worth approximately $33,000. Fidelis Capital Partners LLC bought a new stake in Select Medical in the 1st quarter worth $47,000. SG Americas Securities LLC purchased a new position in shares of Select Medical in the first quarter valued at about $186,000. Allspring Global Investments Holdings LLC raised its stake in shares of Select Medical by 6.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock valued at $198,000 after acquiring an additional 405 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Select Medical during the first quarter worth about $239,000. Hedge funds and other 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.