Today’s Market Runner: Select Medical Holdings Corporation Can’t Burn Your Short Portfolio. Has Another Weak Session

Today's Market Runner: Select Medical Holdings Corporation Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Select Medical Holdings Corporation (NYSE:SEM) is a huge mover today! The stock decreased 6.28% or $0.75 during the last trading session, hitting $11.2. About 2.87M shares traded hands or 181.37% up from the average. Select Medical Holdings Corporation (NYSE:SEM) has risen 1.70% since April 4, 2016 and is uptrending. It has outperformed by 0.61% the S&P500.
The move comes after 9 months negative chart setup for the $1.44 billion company. It was reported on Nov, 4 by Barchart.com. We have $10.19 PT which if reached, will make NYSE:SEM worth $129.60M less.

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. The rating was downgraded by Zacks on Wednesday, August 5 to “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $17 target price in Monday, November 2 report. The firm earned “Hold” rating on Friday, October 16 by TheStreet. The company was maintained on Monday, August 10 by RBC Capital Markets. The stock has “Mkt Underperform” rating given by JMP Securities on Wednesday, September 28. Wells Fargo upgraded Select Medical Holdings Corporation (NYSE:SEM) on Tuesday, October 6 to “Outperform” rating. Zacks upgraded the stock to “Hold” rating in Wednesday, August 12 report. As per Tuesday, October 20, the company rating was upgraded by JMP Securities.

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 increased to 2.17 in 2016 Q2. Its up 0.93, from 1.24 in 2016Q1. The ratio is positive, 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.
Trexquant Lp holds 0.04% or 31,500 shares in its portfolio. Dimensional Fund Limited Partnership holds 0.04% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 6.06 million shares. Matarin Capital Mgmt reported 272,059 shares or 0% of all its holdings. The Illinois-based First Trust Advsrs Limited Partnership has invested 0% in Select Medical Holdings Corporation (NYSE:SEM). Us Retail Bank De, a Minnesota-based fund reported 409 shares. Marshall Wace Limited Liability Partnership, a United Kingdom-based fund reported 1.09M shares. Price T Rowe Associates Md has 15.48M shares for 0.04% of their US portfolio. Northern Trust accumulated 1.85 million shares or 0.01% of the stock. Natl Bank Of America Corporation De holds 0% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 34,513 shares. Strs Ohio has 84,200 shares for 0% of their US portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Select Medical Holdings Corporation (NYSE:SEM) for 2,098 shares. The California-based Wells Fargo & Mn has invested 0.01% in Select Medical Holdings Corporation (NYSE:SEM). Nordea Investment Management Ab has 226,500 shares for 0.01% of their US portfolio. Blackrock Limited Liability holds 0% or 49,538 shares in its portfolio. Smith Graham And Invest Advsr L P has 0.96% invested in the company for 640,097 shares.

More notable recent Select Medical Holdings Corporation (NYSE:SEM) news were published by: Prnewswire.com which released: “Select Medical Holdings Corporation Announces Results for Third Quarter Ended …” on November 03, 2016, also Seekingalpha.com with their article: “Select Medical Holdings’ (SEM) Q3 2016 Results – Earnings Call Transcript” published on November 04, 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 and Kindred Healthcare, Inc. Announce …” published on February 18, 2016 as well as Prnewswire.com‘s news article titled: “Select Medical Holdings Corporation Announces Sale of its Contract Therapy …” with publication date: March 31, 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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