Select Medical (NYSE:SEM) Reaches New 12-Month Low - Time to Sell?

Select Medical Holdings Co. (NYSE:SEM - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.92 and last traded at $15.99, with a volume of 139764 shares changing hands. The stock had previously closed at $16.68.

Analysts Set New Price Targets

A number of research analysts have recently commented on SEM shares. UBS Group cut their price target on Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Benchmark upgraded shares of Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a research report on Monday, February 24th. StockNews.com raised shares of Select Medical from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada decreased their target price on Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.25.

Select Medical Trading Up 0.4 %

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The business's 50 day moving average price is $17.99 and its 200-day moving average price is $24.16. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.64 and a beta of 1.38.

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Select Medical (NYSE:SEM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, research analysts forecast that Select Medical Holdings Co. will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a $0.0625 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.59%. Select Medical's dividend payout ratio (DPR) is presently 15.15%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Select Medical in the third quarter worth about $30,000. Smartleaf Asset Management LLC raised its position in Select Medical by 179.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider's stock worth $43,000 after purchasing an additional 1,473 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Select Medical during the 3rd quarter worth $81,000. Covestor Ltd boosted its position in Select Medical by 33.5% in the 4th quarter. Covestor Ltd now owns 4,955 shares of the health services provider's stock valued at $93,000 after buying an additional 1,244 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Select Medical by 47.8% in the 4th quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider's stock valued at $130,000 after buying an additional 2,255 shares during the period. 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.