Select Medical (NYSE:SEM) Sets New 12-Month Low – Time to Sell?

Shares of Select Medical Holdings Co. (NYSE:SEM) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.92 and last traded at $15.99, with a volume of 139764 shares trading hands. The stock had previously closed at $16.68.

Analysts Set New Price Targets

Several equities analysts recently commented on SEM shares. UBS Group reduced their price target on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, February 24th. Royal Bank of Canada lowered their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Select Medical Price Performance

The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.64 and a beta of 1.56. The business’s 50-day moving average price is $18.09 and its two-hundred day moving average price is $24.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, research analysts forecast that Select Medical Holdings Co. will post 1.17 EPS for the current fiscal year.

Select Medical Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Monday, March 3rd. Select Medical’s dividend payout ratio is currently 15.15%.

Institutional Trading of Select Medical

Several institutional investors have recently added to or reduced their stakes in SEM. Norges Bank bought a new stake in shares of Select Medical during the 4th quarter valued at about $29,556,000. The Manufacturers Life Insurance Company boosted its stake in Select Medical by 2,552.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,596,414 shares of the health services provider’s stock valued at $30,092,000 after acquiring an additional 1,536,234 shares during the period. Hood River Capital Management LLC raised its position in shares of Select Medical by 404.8% during the 4th quarter. Hood River Capital Management LLC now owns 1,755,733 shares of the health services provider’s stock worth $33,096,000 after purchasing an additional 1,407,902 shares during the period. Invesco Ltd. lifted its holdings in shares of Select Medical by 48.6% in the 4th quarter. Invesco Ltd. now owns 2,643,943 shares of the health services provider’s stock worth $49,838,000 after purchasing an additional 864,852 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Select Medical during the 4th quarter valued at approximately $14,074,000. Institutional investors own 89.48% of the company’s stock.

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.