Select Medical (NYSE:SEM) Shares Gap Up - Here's What Happened

Key Points

• Select Medical's shares gapped up significantly, opening at $14.33 after a previous close of $13.04, and last traded at $14.92 with a trading volume of 624,138 shares.
• Analysts have mixed ratings on Select Medical, with a consensus target price of $19.40, while Bank of America lowered its target from $18.00 to $15.00.
• The company reported a quarterly EPS of $0.32, exceeding estimates and showing a year-over-year revenue increase of 4.5%, along with a declared quarterly dividend of $0.0625 per share.

Select Medical Holdings Corporation (NYSE:SEM - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $13.04, but opened at $14.33. Select Medical shares last traded at $14.92, with a volume of 624,138 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America decreased their price target on shares of Select Medical from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. 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. Royal Bank Of Canada increased their price objective on shares of Select Medical from $16.00 to $20.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Select Medical in a report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Select Medical has an average rating of "Moderate Buy" and a consensus price target of $19.40.

Select Medical Trading Up 13.4%

The firm has a market cap of $1.83 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.53 and a beta of 1.28. The business's 50-day moving average is $12.76 and its two-hundred day moving average is $14.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 1.15.

Select Medical (NYSE:SEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The health services provider reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $0.60 EPS. The company's quarterly revenue was up 4.5% on a year-over-year basis. Select Medical has set its FY 2025 guidance at 1.090-1.19 EPS. As a group, analysts predict that Select Medical Holdings Corporation will post 1.17 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 13th. Select Medical's dividend payout ratio (DPR) is currently 23.58%.

Institutional Trading of Select Medical

A number of hedge funds have recently modified their holdings of SEM. MAI Capital Management lifted its stake in shares of 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 worth $37,000 after buying an additional 2,400 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 purchasing an additional 1,030 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Select Medical in the 1st quarter worth about $60,000. Advisors Asset Management Inc. raised its stake in 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 purchasing an additional 3,952 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 purchasing 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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