Select Medical (NYSE:SEM) Reaches New 52-Week Low – Here’s Why

Shares of Select Medical Holdings Co. (NYSE:SEM) reached a new 52-week low during trading on Tuesday . The company traded as low as $20.17 and last traded at $20.83, with a volume of 6602 shares traded. The stock had previously closed at $20.84.

Wall Street Analyst Weigh In

SEM has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their target price on Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Bank of America initiated coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. Finally, Benchmark lowered Select Medical from a “buy” rating to a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.75.

Select Medical Stock Up 0.4 %

The business’s 50-day moving average is $35.26 and its 200-day moving average is $35.09. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.78 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, equities analysts predict that Select Medical Holdings Co. will post 2.16 earnings per share for the current year.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s payout ratio is 23.36%.

Hedge Funds Weigh In On Select Medical

A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in Select Medical during the first quarter worth about $467,000. Hood River Capital Management LLC acquired a new stake in shares of Select Medical in the second quarter valued at approximately $14,819,000. Comerica Bank lifted its position in Select Medical by 30.0% during the first quarter. Comerica Bank now owns 68,485 shares of the health services provider’s stock worth $2,065,000 after buying an additional 15,824 shares in the last quarter. Boston Partners acquired a new position in Select Medical during the first quarter worth $718,000. Finally, Principal Financial Group Inc. grew its holdings in Select Medical by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock valued at $82,208,000 after buying an additional 147,032 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

About Select Medical

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