Media coverage about Select Medical Holdings (NYSE:SEM) has trended positive this week, according to Alpha One. The research group, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Select Medical Holdings earned a news impact score of 0.25 on Alpha One’s scale. Alpha One also assigned news stories about the health services provider an impact score of 39 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the near term.
SEM has been the topic of a number of research analyst reports. Benchmark Co. began coverage on shares of Select Medical Holdings in a report on Friday, March 31st. They issued a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research cut shares of Select Medical Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. TheStreet upgraded shares of Select Medical Holdings from a “c+” rating to a “b” rating in a research report on Thursday, April 13th. Finally, Wells Fargo & Co downgraded shares of Select Medical Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Select Medical Holdings presently has an average rating of “Hold” and a consensus target price of $14.50.
Select Medical Holdings (NYSE:SEM) traded up 3.73% during midday trading on Friday, reaching $13.90. 403,512 shares of the company’s stock were exchanged. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 24.34 and a beta of 1.06. The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.25. Select Medical Holdings has a 12-month low of $10.08 and a 12-month high of $15.15.
Select Medical Holdings (NYSE:SEM) last issued its quarterly earnings data on Thursday, February 23rd. The health services provider reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Select Medical Holdings had a net margin of 2.91% and a return on equity of 9.53%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect that Select Medical Holdings will post $0.86 EPS for the current fiscal year.
In related news, insider Scott A. Romberger sold 4,000 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $14.52, for a total transaction of $58,080.00. Following the sale, the insider now directly owns 162,211 shares of the company’s stock, valued at approximately $2,355,303.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David S. Chernow sold 116,050 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.01, for a total transaction of $1,625,860.50. Following the sale, the insider now directly owns 749,075 shares in the company, valued at approximately $10,494,540.75. The disclosure for this sale can be found here. 19.63% of the stock is currently owned by corporate insiders.
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About Select Medical Holdings
Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.
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