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Select Medical (NYSE:SEM) is scheduled to be releasing its earnings data after the market closes on Thursday, February 24th. Analysts expect Select Medical to post earnings of $0.42 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Shares of NYSE:SEM opened at $24.17 on Thursday. The stock’s 50-day moving average is $26.42 and its 200 day moving average is $31.26. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $3.24 billion, a PE ratio of 7.60, a P/E/G ratio of 0.58 and a beta of 1.29. Select Medical has a 1 year low of $21.48 and a 1 year high of $43.60.
Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG raised its holdings in Select Medical by 3.5% in the 4th quarter. Deutsche Bank AG now owns 77,080 shares of the health services provider’s stock worth $2,267,000 after acquiring an additional 2,642 shares during the last quarter. California State Teachers Retirement System raised its holdings in Select Medical by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 151,541 shares of the health services provider’s stock worth $4,455,000 after acquiring an additional 3,580 shares during the last quarter. Legal & General Group Plc raised its holdings in Select Medical by 2.8% in the 4th quarter. Legal & General Group Plc now owns 317,151 shares of the health services provider’s stock worth $9,324,000 after acquiring an additional 8,537 shares during the last quarter. Millennium Management LLC raised its holdings in Select Medical by 410.6% in the 4th quarter. Millennium Management LLC now owns 787,154 shares of the health services provider’s stock worth $23,142,000 after acquiring an additional 632,984 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Select Medical by 6.8% in the 3rd quarter. LPL Financial LLC now owns 10,572 shares of the health services provider’s stock worth $382,000 after acquiring an additional 676 shares during the last quarter. 76.49% of the stock is currently owned by hedge funds and other institutional investors. (adsbygoogle = window.adsbygoogle || []).push({});
SEM has been the topic of several research reports. Royal Bank of Canada cut their price objective on Select Medical from $50.00 to $47.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Select Medical from $48.00 to $44.00 in a research report on Wednesday, January 19th. Bank of America cut their price objective on Select Medical from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 18th. Finally, StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $42.50.
Select Medical Company Profile
Select Medical Holdings Corp. engages in the provision of medical rehabilitation services. It operates through the following segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation and Concentra. The Critical Illness Recovery Hospital segment serves patients with debilitating injuries and rehabilitation needs that cannot be adequately cared in a medically intensive environment, such as a skilled nursing facility.
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