Select Medical (NYSE:SEM) Reaches New 12-Month Low – Here’s What Happened

Shares of Select Medical Holdings Co. (NYSE:SEM) hit a new 52-week low on Tuesday . The stock traded as low as $19.20 and last traded at $19.20, with a volume of 93141 shares trading hands. The stock had previously closed at $19.63.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SEM shares. Royal Bank of Canada increased their price target on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Benchmark cut shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd.

Select Medical Stock Down 0.1 %

The firm has a fifty day moving average price of $30.38 and a 200 day moving average price of $33.45. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.39 and a beta of 1.43. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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%. Select Medical’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. As a group, sell-side analysts expect that Select Medical Holdings Co. will post 1.97 EPS for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were issued a $0.125 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.74%. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

Insider Transactions at Select Medical

In other Select Medical news, Director Marilyn B. Tavenner sold 32,000 shares of Select Medical stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $21.09, for a total transaction of $674,880.00. Following the completion of the transaction, the director now owns 22,000 shares in the company, valued at approximately $463,980. The trade was a 59.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert G. Breighner, Jr. sold 4,989 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total transaction of $99,530.55. Following the completion of the sale, the vice president now owns 30,356 shares in the company, valued at $605,602.20. This represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 19.14% of the company’s stock.

Hedge Funds Weigh In On Select Medical

A number of institutional investors have recently made changes to their positions in SEM. GAMMA Investing LLC increased its position in Select Medical by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock worth $81,000 after purchasing an additional 330 shares in the last quarter. Foster & Motley Inc. grew its holdings in shares of Select Medical by 3.1% during the second quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock worth $426,000 after buying an additional 370 shares in the last quarter. KBC Group NV raised its position in shares of Select Medical by 4.5% in the third quarter. KBC Group NV now owns 13,050 shares of the health services provider’s stock valued at $455,000 after buying an additional 563 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Select Medical by 2.0% during the second quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider’s stock valued at $1,071,000 after buying an additional 593 shares during the period. Finally, Swiss National Bank boosted its position in Select Medical by 0.4% during the third quarter. Swiss National Bank now owns 215,900 shares of the health services provider’s stock worth $7,528,000 after acquiring an additional 800 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

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.