Select Medical (NYSE:SEM) Shares Gap Up - What's Next?

Select Medical Holdings Co. (NYSE:SEM - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $16.58, but opened at $17.00. Select Medical shares last traded at $17.54, with a volume of 148,965 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SEM shares. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada reduced their price target on Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Mizuho initiated coverage on shares of Select Medical in a report on Wednesday, April 16th. They issued an "outperform" rating and a $25.00 price objective for the company. UBS Group decreased their price target on shares of Select Medical from $40.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, Benchmark raised Select Medical from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.80.

Select Medical Stock Up 1.8 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 0.64 and a beta of 1.38. The stock's 50-day moving average is $17.02 and its 200-day moving average is $22.12.

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

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical's dividend payout ratio (DPR) is currently 15.15%.

Hedge Funds Weigh In On Select Medical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in Select Medical by 4.0% during the first quarter. Envestnet Asset Management Inc. now owns 380,809 shares of the health services provider's stock worth $6,360,000 after purchasing an additional 14,776 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Select Medical by 3.1% in the first quarter. Principal Financial Group Inc. now owns 2,476,816 shares of the health services provider's stock worth $41,363,000 after buying an additional 73,308 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Select Medical in the 1st quarter worth approximately $269,000. Allspring Global Investments Holdings LLC raised its position in Select Medical by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,450 shares of the health services provider's stock worth $403,000 after purchasing an additional 7,871 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Select Medical by 180.6% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 276,031 shares of the health services provider's stock valued at $4,502,000 after buying an additional 177,670 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other 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.