Select Medical (NYSE:SEM) Downgraded to “Hold” Rating by Benchmark

Benchmark cut shares of Select Medical (NYSE:SEM) from a buy rating to a hold rating in a research report sent to investors on Monday morning, MarketBeat reports.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted 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. Finally, Bank of America started coverage on shares of Select Medical in a research note on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Select Medical has a consensus rating of “Hold” and a consensus price target of $40.75.

Select Medical Stock Performance

Shares of Select Medical stock opened at $38.70 on Monday. Select Medical has a fifty-two week low of $22.26 and a fifty-two week high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $5.01 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.78 and a beta of 1.42. The company’s 50 day moving average price is $35.19 and its two-hundred day moving average price is $35.05.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. On average, equities analysts forecast that Select Medical will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s dividend payout ratio is currently 23.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEM. Vanguard Group Inc. boosted its holdings in Select Medical by 5.3% during the first quarter. Vanguard Group Inc. now owns 12,997,891 shares of the health services provider’s stock worth $391,886,000 after purchasing an additional 650,093 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Select Medical by 12.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,269 shares of the health services provider’s stock valued at $611,000 after acquiring an additional 2,313 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Select Medical by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 98,657 shares of the health services provider’s stock valued at $2,972,000 after acquiring an additional 3,594 shares during the last quarter. BOKF NA purchased a new position in Select Medical in the first quarter valued at about $262,000. Finally, Tidal Investments LLC purchased a new position in Select Medical in the first quarter valued at about $467,000. 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.