Select Medical (NYSE:SEM) Reaches New 52-Week Low - Here's What Happened

Select Medical Holdings Co. (NYSE:SEM - Get Free Report) shares hit a new 52-week low on Tuesday . The company 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 Upgrades and Downgrades

SEM has been the subject of several research analyst reports. Benchmark lowered shares of Select Medical from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Bank of America initiated coverage on Select Medical in a research report on Tuesday, August 20th. They issued a "buy" rating and a $42.00 target price for the company. Finally, Royal Bank of Canada increased their price target on shares of Select Medical from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, November 4th.

Select Medical Trading Down 2.6 %

The firm has a market capitalization of $2.48 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.43. The firm's 50-day simple moving average is $30.97 and its 200-day simple moving average is $33.67. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM - Get Free Report) last issued 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. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the business posted $0.46 EPS. Select Medical's quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Select Medical Holdings Co. will post 1.97 earnings per share for the current year.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 2.62%. Select Medical's payout ratio is currently 23.36%.

Insiders Place Their Bets

In other Select Medical news, VP Robert G. Breighner, Jr. sold 4,989 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 30,356 shares of the company's stock, valued at approximately $605,602.20. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marilyn B. Tavenner sold 32,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total transaction of $674,880.00. Following the completion of the sale, the director now directly owns 22,000 shares of the company's stock, valued at approximately $463,980. This represents a 59.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.14% of the company's stock.

Hedge Funds Weigh In On Select Medical

A number of institutional investors have recently bought and sold shares of SEM. Quarry LP bought a new position in Select Medical in the third quarter worth $30,000. Transcendent Capital Group LLC purchased a new position in Select Medical during the 2nd quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new stake in Select Medical during the second quarter worth about $39,000. DekaBank Deutsche Girozentrale purchased a new stake in Select Medical in the second quarter worth about $60,000. Finally, GAMMA Investing LLC increased its stake in shares of Select Medical by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider's stock valued at $81,000 after purchasing an additional 330 shares in 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.