Select Medical Holdings (SEM) Chairman Sells $1,592,191.80 in Stock

Select Medical Holdings (NYSE:SEM) Chairman Robert A. Ortenzio sold 85,740 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $18.57, for a total value of $1,592,191.80. Following the completion of the sale, the chairman now directly owns 7,086,480 shares in the company, valued at $131,595,933.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Select Medical stock opened at $18.25 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.24 and a beta of 1.30. Select Medical Holdings has a 12 month low of $13.30 and a 12 month high of $19.77.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, May 3rd. The health services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Select Medical had a return on equity of 15.19% and a net margin of 4.23%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. research analysts anticipate that Select Medical Holdings will post 1.05 EPS for the current year.



Several analysts recently weighed in on SEM shares. Wells Fargo & Co started coverage on Select Medical in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $26.00 price objective on the stock. TheStreet raised Select Medical from a “c+” rating to a “b-” rating in a research note on Thursday, March 1st. JMP Securities raised Select Medical from an “underperform” rating to a “market perform” rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 27th. ValuEngine raised Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered Select Medical from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.63.

A number of institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its position in Select Medical by 7.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 46,100 shares of the health services provider’s stock valued at $814,000 after purchasing an additional 3,000 shares during the last quarter. Strs Ohio raised its position in Select Medical by 4.9% in the fourth quarter. Strs Ohio now owns 66,200 shares of the health services provider’s stock valued at $1,168,000 after purchasing an additional 3,100 shares during the last quarter. Aperio Group LLC raised its position in Select Medical by 18.0% in the first quarter. Aperio Group LLC now owns 21,737 shares of the health services provider’s stock valued at $375,000 after purchasing an additional 3,322 shares during the last quarter. Teachers Advisors LLC raised its position in Select Medical by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 213,556 shares of the health services provider’s stock valued at $3,769,000 after purchasing an additional 3,845 shares during the last quarter. Finally, Profund Advisors LLC raised its position in Select Medical by 25.0% in the first quarter. Profund Advisors LLC now owns 20,663 shares of the health services provider’s stock valued at $356,000 after purchasing an additional 4,132 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates acute care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), outpatient rehabilitation clinics, and occupational medicine centers in the United States. The company operates through four segments: Long Term Acute Care, Inpatient Rehabilitation, Outpatient Rehabilitation, and Concentra.

Insider Buying and Selling by Quarter for Select Medical (NYSE:SEM)

Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply