Select Medical Holdings Corporation (NYSE:SEM) Receives Average Rating of "Moderate Buy" from Brokerages

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Select Medical Holdings Corporation (NYSE:SEM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.60.

SEM has been the topic of a number of research reports. Royal Bank Of Canada cut their price objective on Select Medical from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group restated a "neutral" rating and issued a $14.00 price objective (down from $15.00) on shares of Select Medical in a report on Monday, August 4th.

Select Medical Stock Up 1.6%

Shares of NYSE:SEM opened at $12.92 on Tuesday. The stock's 50-day moving average price is $14.22 and its two-hundred day moving average price is $15.87. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. Select Medical has a 12-month low of $11.65 and a 12-month high of $40.98. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.68 and a beta of 1.25.

Select Medical (NYSE:SEM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.04. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. Select Medical had a return on equity of 8.87% and a net margin of 2.37%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. On average, research analysts forecast that Select Medical will post 1.17 EPS for the current year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 13th. Select Medical's dividend payout ratio (DPR) is presently 23.58%.

Select Medical announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the health services provider to purchase up to 42.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Select Medical

Hedge funds have recently bought and sold shares of the business. MAI Capital Management grew its stake in Select Medical by 48,000.0% during the 2nd quarter. MAI Capital Management now owns 2,405 shares of the health services provider's stock valued at $37,000 after purchasing an additional 2,400 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Select Medical by 61.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider's stock worth $45,000 after acquiring an additional 1,030 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Select Medical in the 1st quarter worth approximately $60,000. Advisors Asset Management Inc. grew its position in shares of Select Medical by 168.2% in the 1st quarter. Advisors Asset Management Inc. now owns 6,301 shares of the health services provider's stock worth $105,000 after acquiring an additional 3,952 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Select Medical by 217.4% in the 1st quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider's stock worth $109,000 after acquiring an additional 4,453 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company's stock.

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.

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