Select Medical (NYSE:SEM) Sees Strong Trading Volume – Here’s What Happened

Select Medical Holdings Corporation (NYSE:SEM) shares saw strong trading volume on Thursday . 2,672,986 shares were traded during trading, an increase of 51% from the previous session’s volume of 1,767,876 shares.The stock last traded at $16.5450 and had previously closed at $16.52.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $16.50 price objective (down from $19.00) on shares of Select Medical in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Mizuho restated 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. Weiss Ratings raised shares of Select Medical from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. Finally, Wall Street Zen cut shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

Select Medical Stock Performance

The firm has a market cap of $2.05 billion, a P/E ratio of 15.61, a PEG ratio of 0.95 and a beta of 1.02. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average is $16.37 and its two-hundred day moving average is $15.45.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, April 30th. The health services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.07). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Select Medical had a net margin of 2.42% and a return on equity of 6.62%. Select Medical’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. As a group, equities analysts predict that Select Medical Holdings Corporation will post 1.26 EPS for the current fiscal year.

Select Medical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a $0.0625 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.25 annualized dividend and a yield of 1.5%. Select Medical’s dividend payout ratio (DPR) is 23.58%.

Select Medical announced that its board has approved a stock buyback plan on Thursday, February 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the health services provider to reacquire up to 49.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Select Medical

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Groupe la Francaise purchased a new stake in Select Medical in the 1st quarter valued at about $4,602,000. Quantinno Capital Management LP increased its stake in Select Medical by 19.2% in the 1st quarter. Quantinno Capital Management LP now owns 33,469 shares of the health services provider’s stock valued at $545,000 after buying an additional 5,384 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Select Medical in the 1st quarter valued at about $22,806,000. OMERS ADMINISTRATION Corp purchased a new stake in Select Medical in the 1st quarter valued at about $2,597,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Select Medical during the 1st quarter worth approximately $4,887,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

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.