Select Medical Holdings Corporation (NYSE:SEM – Get Free Report) saw strong trading volume on Thursday . Approximately 3,278,618 shares traded hands during trading, an increase of 93% from the previous session’s volume of 1,700,386 shares.The stock last traded at $16.5450 and had previously closed at $16.57.
Wall Street Analysts Forecast Growth
SEM has been the topic of a number of research analyst reports. Benchmark cut Select Medical from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings raised shares of Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.50 price target (down from $19.00) on shares of Select Medical in a report on Tuesday, March 3rd. Zacks Research upgraded Select Medical from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $16.50 target price (down from $17.00) on shares of Select Medical in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.50.
Check Out Our Latest Report on SEM
Select Medical Stock Down 0.2%
Select Medical (NYSE:SEM – Get Free Report) last announced its earnings results on Thursday, April 30th. The health services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.07). Select Medical had a net margin of 2.42% and a return on equity of 6.62%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. On average, equities research analysts forecast that Select Medical Holdings Corporation will post 1.26 earnings per share for the current year.
Select Medical Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Select Medical’s dividend payout ratio (DPR) is presently 23.58%.
Institutional Trading of Select Medical
A number of institutional investors have recently bought and sold shares of SEM. Hsbc Holdings PLC boosted its stake in Select Medical by 7,554.6% during the first quarter. Hsbc Holdings PLC now owns 2,245,163 shares of the health services provider’s stock worth $36,596,000 after buying an additional 2,215,832 shares during the period. 8 Knots Management LLC purchased a new stake in shares of Select Medical in the second quarter valued at $26,568,000. Polar Asset Management Partners Inc. purchased a new position in shares of Select Medical during the 1st quarter worth about $22,806,000. Millennium Management LLC boosted its stake in shares of Select Medical by 407.9% during the 3rd quarter. Millennium Management LLC now owns 1,590,339 shares of the health services provider’s stock worth $20,420,000 after purchasing an additional 1,277,233 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new position in Select Medical during the 4th quarter valued at about $17,603,000. 89.48% of the stock is currently owned by institutional investors.
Select Medical Company Profile
Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.
Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.
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