Select Medical Holdings Co. (NYSE:SEM - Get Free Report) Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the sale, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Select Medical Stock Down 1.8 %
Shares of NYSE SEM opened at $28.72 on Thursday. The stock has a 50 day moving average price of $28.02 and a 200 day moving average price of $25.54. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.17 and a beta of 1.37. Select Medical Holdings Co. has a 52-week low of $21.28 and a 52-week high of $33.51.
Select Medical (NYSE:SEM - Get Free Report) last posted its earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Select Medical had a return on equity of 16.93% and a net margin of 3.65%. Select Medical's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. Sell-side analysts expect that Select Medical Holdings Co. will post 2.03 earnings per share for the current year.
Select Medical Dividend Announcement
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The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, March 1st were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.50 dividend on an annualized basis and a yield of 1.74%. Select Medical's dividend payout ratio is currently 26.18%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Select Medical from a "hold" rating to a "buy" rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.40.
Read Our Latest Analysis on SEM
Institutional Trading of Select Medical
A number of hedge funds have recently bought and sold shares of SEM. Quadrature Capital Ltd increased its position in shares of Select Medical by 54.0% during the fourth quarter. Quadrature Capital Ltd now owns 39,490 shares of the health services provider's stock worth $928,000 after purchasing an additional 13,844 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Select Medical by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 12,347,798 shares of the health services provider's stock worth $290,173,000 after purchasing an additional 342,496 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Select Medical during the fourth quarter worth $293,000. Barclays PLC increased its position in shares of Select Medical by 231.8% during the fourth quarter. Barclays PLC now owns 174,003 shares of the health services provider's stock worth $4,089,000 after purchasing an additional 121,561 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Select Medical by 14.3% during the fourth quarter. Voya Investment Management LLC now owns 131,525 shares of the health services provider's stock worth $3,091,000 after purchasing an additional 16,442 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company's stock.
About Select Medical
(
Get Free Report)
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.
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