Select Medical Holdings Corporation (SEM) is Downgraded by JMP Securities to Mkt Underperform

Select Medical Holdings Corporation (SEM) was Downgraded by JMP Securities to ” Mkt Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. JMP Securities advised their investors in a research report released on Sep 28, 2016.

On the company’s financial health, Select Medical Holdings Corporation reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.24. The company had revenue of $1097.60 million for the quarter, compared to analysts expectations of $1097.02 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Select Medical Holdings Corporation opened for trading at $12.72 and hit $13.17 on the upside on Tuesday, eventually ending the session at $13.14, with a gain of 2.98% or 0.38 points. The heightened volatility saw the trading volume jump to 5,27,166 shares. Company has a market cap of $1,728 M.

In a different news, on Sep 7, 2016, David S Chernow (President and CEO) sold 90,164 shares at $12.12 per share price. According to the SEC, on May 24, 2016, James E Jr Dalton (director) sold 12,000 shares at $12.37 per share price. On Sep 10, 2015, William H. Frist (director) purchased 8,100 shares at $12.32 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

Leave a Reply

Select Medical Holdings Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Select Medical Holdings Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.