Select Medical (NYSE:SEM) Cut to “Hold” at Benchmark

Benchmark downgraded shares of Select Medical (NYSE:SEM) from a buy rating to a hold rating in a research note issued to investors on Monday, Marketbeat.com reports.

Several other research analysts have also issued reports on SEM. Bank of America initiated coverage on shares of Select Medical in a report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. Royal Bank of Canada boosted their target price on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, StockNews.com downgraded Select Medical from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Select Medical currently has an average rating of “Hold” and an average price target of $40.75.

Select Medical Price Performance

SEM stock opened at $20.35 on Monday. 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 has a 52-week low of $20.00 and a 52-week high of $40.98. The company has a market capitalization of $2.63 billion, a P/E ratio of 9.51, a PEG ratio of 1.73 and a beta of 1.42. The company has a fifty day moving average price of $34.69 and a 200-day moving average price of $34.90.

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

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.46%. Select Medical’s dividend payout ratio (DPR) is presently 23.36%.

Institutional Trading of Select Medical

Several hedge funds have recently bought and sold shares of SEM. Vanguard Group Inc. lifted its holdings in shares of Select Medical by 5.3% in the first quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock valued at $391,886,000 after purchasing an additional 650,093 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Select Medical by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,498,772 shares of the health services provider’s stock valued at $157,728,000 after acquiring an additional 95,578 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Select Medical by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock worth $85,180,000 after acquiring an additional 46,880 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Select Medical by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock worth $82,208,000 after acquiring an additional 147,032 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Select Medical by 144.2% in the third quarter. Point72 Asset Management L.P. now owns 2,059,791 shares of the health services provider’s stock valued at $71,825,000 after purchasing an additional 1,216,263 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

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.