StockNews.com Downgrades Select Medical (NYSE:SEM) to Hold

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

A number of other equities analysts also recently commented on SEM. Royal Bank of Canada boosted their target price on shares of Select Medical from $40.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. UBS Group dropped their price target on shares of Select Medical from $40.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, Benchmark downgraded shares of Select Medical from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $39.50.

Select Medical Stock Down 0.9 %

NYSE:SEM traded down $0.17 during mid-day trading on Thursday, hitting $18.58. The stock had a trading volume of 492,206 shares, compared to its average volume of 706,992. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical has a twelve month low of $18.02 and a twelve month high of $40.98. The company has a market capitalization of $2.41 billion, a PE ratio of 8.68, a PEG ratio of 0.65 and a beta of 1.45. The stock has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $28.45.

Insider Buying and Selling

In other news, Director Marilyn B. Tavenner sold 32,000 shares of the company's stock in a transaction that occurred on 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 owns 22,000 shares in the company, valued at $463,980. This represents a 59.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the vice president now directly owns 30,356 shares in the company, valued at $605,602.20. This represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SEM. Vanguard Group Inc. increased its position in Select Medical by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 12,712,990 shares of the health services provider's stock worth $239,640,000 after purchasing an additional 131,228 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Select Medical by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,431,469 shares of the health services provider's stock valued at $83,533,000 after purchasing an additional 62,585 shares in the last quarter. Invesco Ltd. boosted its holdings in Select Medical by 48.6% during the fourth quarter. Invesco Ltd. now owns 2,643,943 shares of the health services provider's stock worth $49,838,000 after buying an additional 864,852 shares in the last quarter. Geode Capital Management LLC increased its stake in Select Medical by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider's stock valued at $85,180,000 after purchasing an additional 46,880 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Select Medical by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,403,508 shares of the health services provider's stock worth $45,310,000 after purchasing an additional 45,685 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

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.