Select Medical (NYSE:SEM) Rating Lowered to Hold at StockNews.com

Select Medical (NYSE:SEM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada upped their price target on Select Medical from $40.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Benchmark reiterated a "buy" rating and set a $48.00 price objective on shares of Select Medical in a research note on Friday, November 1st. Finally, Bank of America started coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a "buy" rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Select Medical currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.75.

Select Medical Stock Up 2.0 %

NYSE:SEM traded up $0.78 during mid-day trading on Thursday, hitting $38.87. 637,954 shares of the company's stock were exchanged, compared to its average volume of 611,254. The business has a fifty day moving average price of $35.02 and a 200 day moving average price of $34.94. Select Medical has a one year low of $22.26 and a one year high of $40.98. The company has a market cap of $5.03 billion, a PE ratio of 17.80, a P/E/G ratio of 1.66 and a beta of 1.42. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Select Medical (NYSE:SEM - Get Free Report) last released its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts predict that Select Medical will post 2.16 EPS for the current year.

Institutional Trading of Select Medical

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Select Medical by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider's stock worth $81,000 after acquiring an additional 330 shares in the last quarter. Foster & Motley Inc. boosted its holdings in Select Medical by 3.1% in the second quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider's stock worth $426,000 after acquiring an additional 370 shares in the last quarter. KBC Group NV raised its position in shares of Select Medical by 4.5% in the 3rd quarter. KBC Group NV now owns 13,050 shares of the health services provider's stock valued at $455,000 after purchasing an additional 563 shares during the last quarter. Arizona State Retirement System increased its stake in Select Medical by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider's stock valued at $1,071,000 after purchasing an additional 593 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Select Medical by 528.7% during the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider's stock worth $27,000 after buying an additional 645 shares during the period. 89.48% of the stock is 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.