Select Medical Holdings Corporation (SEM) Insider Michael E. Tarvin Sells 18,500 Shares

Select Medical Holdings Corporation (NYSE:SEM) insider Michael E. Tarvin sold 18,500 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $18.97, for a total transaction of $350,945.00. Following the transaction, the insider now directly owns 340,044 shares of the company’s stock, valued at $6,450,634.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Select Medical Holdings Corporation (NYSE:SEM) last announced its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

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Several research analysts have weighed in on the stock. ValuEngine lowered shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Select Medical Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Robert W. Baird set a $25.00 target price on shares of Select Medical Holdings Corporation and gave the stock a “buy” rating in a research report on Monday, October 23rd. Royal Bank Of Canada restated a “buy” rating and set a $19.00 target price on shares of Select Medical Holdings Corporation in a research report on Friday, October 13th. Finally, JMP Securities upped their target price on shares of Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a “market underperform” rating in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.14.

Several institutional investors and hedge funds have recently made changes to their positions in SEM. PNC Financial Services Group Inc. grew its stake in shares of Select Medical Holdings Corporation by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock worth $111,000 after purchasing an additional 70 shares during the last quarter. Pacad Investment Ltd. grew its stake in shares of Select Medical Holdings Corporation by 58.7% in the 2nd quarter. Pacad Investment Ltd. now owns 7,300 shares of the health services provider’s stock worth $112,000 after purchasing an additional 2,700 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Select Medical Holdings Corporation by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock worth $125,000 after purchasing an additional 107 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Select Medical Holdings Corporation by 78.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,722 shares of the health services provider’s stock worth $134,000 after purchasing an additional 3,822 shares during the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Select Medical Holdings Corporation by 75.8% in the 2nd quarter. Flinton Capital Management LLC now owns 9,744 shares of the health services provider’s stock worth $150,000 after purchasing an additional 4,200 shares during the last quarter. 78.94% of the stock is currently owned by institutional investors.

Select Medical Holdings Corporation Company Profile

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

Insider Buying and Selling by Quarter for Select Medical Holdings Corporation (NYSE:SEM)

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