Select Medical (NYSE:SEM) Now Covered by Analysts at Mizuho

Mizuho assumed coverage on shares of Select Medical (NYSE:SEM) in a research note published on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $25.00 price objective on the health services provider’s stock.

Several other equities analysts also recently issued reports on the company. Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, February 24th. Royal Bank of Canada decreased their price objective on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, UBS Group cut their target price on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.80.

Select Medical Price Performance

NYSE:SEM opened at $16.33 on Wednesday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.64 and a beta of 1.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. Select Medical has a 52 week low of $14.99 and a 52 week high of $40.98. The company has a 50-day moving average of $17.37 and a 200-day moving average of $23.23.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts anticipate that Select Medical will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical’s dividend payout ratio is currently 15.15%.

Institutional Trading of Select Medical

A number of large investors have recently bought and sold shares of SEM. Ritholtz Wealth Management acquired a new position in shares of Select Medical during the first quarter worth about $460,000. Vista Finance LLC raised its stake in shares of Select Medical by 7.0% during the 1st quarter. Vista Finance LLC now owns 10,969 shares of the health services provider’s stock worth $183,000 after purchasing an additional 716 shares in the last quarter. Net Worth Advisory Group raised its position in Select Medical by 6.4% during the first quarter. Net Worth Advisory Group now owns 14,045 shares of the health services provider’s stock worth $235,000 after acquiring an additional 846 shares in the last quarter. CX Institutional grew its position in shares of Select Medical by 26.2% in the 1st quarter. CX Institutional now owns 47,828 shares of the health services provider’s stock valued at $799,000 after acquiring an additional 9,924 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Select Medical by 31.5% in the 1st quarter. Handelsbanken Fonder AB now owns 30,911 shares of the health services provider’s stock valued at $516,000 after purchasing an additional 7,400 shares during the period. 89.48% of the stock is owned by institutional investors.

About Select Medical

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.