Notable Price Action: What’s Select Medical Holdings Corporation Downside After Today’s Huge Decline?

Notable Price Action: What's Select Medical Holdings Corporation Downside After Today's Huge Decline?

The stock of Select Medical Holdings Corporation (NYSE:SEM) is a huge mover today! The stock decreased 4.52% or $0.58 during the last trading session, hitting $12.15. About 1.10 million shares traded hands or 2.80% up from the average. Select Medical Holdings Corporation (NYSE:SEM) has declined 8.93% since April 27, 2016 and is downtrending. It has underperformed by 14.16% the S&P500.
The move comes after 6 months negative chart setup for the $1.61B company. It was reported on Nov, 30 by Barchart.com. We have $11.06 PT which if reached, will make NYSE:SEM worth $144.90M less.

Analysts await Select Medical Holdings Corporation (NYSE:SEM) to report earnings on February, 23. They expect $0.12 earnings per share, down 45.45% or $0.10 from last year’s $0.22 per share. SEM’s profit will be $15.90 million for 25.31 P/E if the $0.12 EPS becomes a reality. After $0.06 actual earnings per share reported by Select Medical Holdings Corporation for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Select Medical Holdings Corporation (NYSE:SEM) Ratings Coverage

Out of 5 analysts covering Select Medical Holdings (NYSE:SEM), 2 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 40% are positive. Select Medical Holdings has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Select Medical Holdings Corporation (NYSE:SEM) on Monday, November 2 with “Outperform” rating. On Monday, August 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Tuesday, October 6, the company rating was upgraded by Wells Fargo. The firm earned “Hold” rating on Wednesday, August 12 by Zacks. The firm earned “Buy” rating on Wednesday, August 5 by Zacks. The rating was downgraded by JMP Securities to “Mkt Underperform” on Wednesday, September 28. The stock has “Hold” rating given by TheStreet on Friday, October 16. The stock of Select Medical Holdings Corporation (NYSE:SEM) earned “Mkt Perform” rating by JMP Securities on Tuesday, October 20.

According to Zacks Investment Research, “Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. The company’s Specialty Hospital segment offers long-term acute care hospital services and inpatient acute rehabilitative hospital care services. Its Outpatient Rehabilitation segment operates clinics and provides physical, occupational, and speech rehabilitation services. The company also provides medical rehabilitation services on a contract basis to nursing homes, hospitals, assisted living and senior care centers, schools, and work sites. The Mission of Select Medical Corporation is to ensure high-quality health care and cost-effective outcomes by providing specialty inpatient long-term acute care and rehabilitation, and outpatient rehabilitation services. The company is headquartered in Mechanicsburg, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 1.32 in Q2 2016. Its down 0.85, from 2.17 in 2016Q1. The ratio dropped, as 19 funds sold all Select Medical Holdings Corporation shares owned while 27 reduced positions. 35 funds bought stakes while 65 increased positions. They now own 105.83 million shares or 0.66% more from 105.14 million shares in 2016Q1.
Quantbot Limited Partnership holds 0.02% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 14,753 shares. Morgan Stanley has invested 0% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM). Deerfield Mngmt holds 0.56% or 1.32 million shares in its portfolio. State Of Tennessee Treasury Department has 83,057 shares for 0% of their US portfolio. Wells Fargo And Mn accumulated 0.01% or 1.31 million shares. Voya Investment Limited Liability Corp last reported 1.81 million shares in the company. Goldman Sachs Grp owns 92,006 shares or 0% of their US portfolio. Foundry Prtn Ltd Co last reported 859,075 shares in the company. The New York-based Ny State Teachers Retirement Sys has invested 0% in Select Medical Holdings Corporation (NYSE:SEM). Lpl Limited Liability Corp accumulated 22,184 shares or 0% of the stock. Moreover, Savings Bank Of Ny Mellon Corporation has 0% invested in Select Medical Holdings Corporation (NYSE:SEM) for 1.25 million shares. Cibc Asset Mgmt owns 13,607 shares or 0% of their US portfolio. Springbok Cap Mgmt Llc holds 0.02% or 11,911 shares in its portfolio. Lazard Asset Lc holds 0% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 96,553 shares. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 14,691 shares.

More notable recent Select Medical Holdings Corporation (NYSE:SEM) news were published by: Prnewswire.com which released: “Select Medical Holdings Corporation Announces Sale of its Contract Therapy …” on March 31, 2016, also Prnewswire.com with their article: “Select Medical Holdings Corporation and Kindred Healthcare, Inc. Announce …” published on February 18, 2016, Prnewswire.com published: “Select Medical Holdings Corporation Announces Completion of Acquisition of …” on March 04, 2016. More interesting news about Select Medical Holdings Corporation (NYSE:SEM) were released by: Prnewswire.com and their article: “Select Medical Holdings Corporation Announces Signing of a Definitive …” published on January 25, 2016 as well as Businesswire.com‘s news article titled: “Kindred Healthcare and Select Medical Holdings Corporation Complete …” with publication date: June 01, 2016.

SEM Company Profile

Select Medical Holdings Corporation, incorporated on October 14, 2004, is an operator of specialty hospitals and outpatient rehabilitation clinics in the United States. The Company, through its contract therapy business, provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites. The Firm operates through three business divisions: specialty hospitals, outpatient rehabilitation and Concentra. The Company’s Other activities include corporate services and other minority investments in other healthcare-related businesses, which include investments in companies that provide specialized technology, services to healthcare entities and providers of complementary services.

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