Select Medical Holdings Corporation (SEM) is Reiterated by UBS to Reduce, Raises Price Target to $ 11

Select Medical Holdings Corporation (SEM) was Reiterated by UBS to “Reduce” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $8 . UBS advised their investors in a research report released on May 9, 2016.

On the company’s financial health, Select Medical Holdings Corporation reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.23. The company had revenue of $1088.33 million for the quarter, compared to analysts expectations of $1063.19 million. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Select Medical Holdings Corporation closed down -0.55 points or -4.20% at $12.54 with 11,39,291 shares getting traded on Friday. Post opening the session at $13.23, the shares hit an intraday low of $12.32 and an intraday high of $13.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 10, 2015, William H. Frist (director) purchased 8,100 shares at $12.32 per share price. According to the SEC, on Aug 11, 2015, Michael E Tarvin (Executive Vice President) sold 22,000 shares at $14.75 per share price. On Jul 2, 2015, David S Chernow (Chief Executive Officer) sold 39,025 shares at $16.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States based on number of facilities. The Company operates in two business segments: specialty hospital segment and outpatient rehabilitation segment. The Company specialty hospital segment consists of hospitals designed to serve the needs of long term stay acute care patients and hospitals designed to serve patients who require intensive inpatient medical rehabilitation care. The Company outpatient rehabilitation segment consists of clinics and contract therapy locations that provide physical occupational and speech rehabilitation services. The Company also provides medical rehabilitation services on a contract basis at nursing homes hospitals assisted living and senior care centers schools and worksites. As of December 31 2014 the Company had operations in 41 states and the District of Columbia.

Select Medical Holdings Corporation

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