Select Medical (NYSE:SEM) Now Covered by Deutsche Bank

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Deutsche Bank began coverage on shares of Select Medical (NYSE:SEM) in a research report sent to investors on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $22.00 price objective on the health services provider’s stock.

A number of other brokerages also recently issued reports on SEM. TheStreet upgraded Select Medical from a c+ rating to a b- rating in a research report on Thursday, June 27th. ValuEngine upgraded Select Medical from a sell rating to a hold rating in a research report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $18.00.

Shares of NYSE SEM opened at $17.00 on Monday. Select Medical has a 52 week low of $12.96 and a 52 week high of $20.24. The business has a 50-day simple moving average of $16.28 and a two-hundred day simple moving average of $15.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 4.18. The company has a market cap of $2.30 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.13 and a beta of 1.33.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, August 1st. The health services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Select Medical had a return on equity of 14.79% and a net margin of 2.73%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Select Medical will post 1.08 EPS for the current year.

In other news, VP Robert G. Breighner, Jr. sold 3,589 shares of Select Medical stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $15.22, for a total transaction of $54,624.58. Following the completion of the sale, the vice president now owns 33,035 shares in the company, valued at approximately $502,792.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Scott A. Romberger sold 9,344 shares of Select Medical stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $17.26, for a total value of $161,277.44. Following the sale, the senior vice president now owns 146,620 shares of the company’s stock, valued at approximately $2,530,661.20. The disclosure for this sale can be found here. Company insiders own 19.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its holdings in shares of Select Medical by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,370 shares of the health services provider’s stock valued at $514,000 after buying an additional 630 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Select Medical by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,631 shares of the health services provider’s stock valued at $677,000 after buying an additional 700 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Select Medical by 0.9% during the 1st quarter. Jennison Associates LLC now owns 84,051 shares of the health services provider’s stock valued at $1,184,000 after buying an additional 735 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Select Medical by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 168,047 shares of the health services provider’s stock valued at $2,667,000 after buying an additional 1,119 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Select Medical by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 34,752 shares of the health services provider’s stock valued at $490,000 after buying an additional 1,130 shares in the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates through four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.

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