Victory Capital Management Inc. Trims Stock Holdings in Select Medical Holdings Co. (NYSE:SEM)

Victory Capital Management Inc. reduced its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 91.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 97,531 shares of the health services provider’s stock after selling 1,083,547 shares during the quarter. Victory Capital Management Inc.’s holdings in Select Medical were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of Select Medical during the third quarter worth $30,000. Smartleaf Asset Management LLC lifted its holdings in Select Medical by 179.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock worth $43,000 after purchasing an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Select Medical in the 3rd quarter worth about $81,000. Virtu Financial LLC bought a new stake in shares of Select Medical during the third quarter valued at about $210,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Select Medical in the third quarter worth about $232,000. 89.48% of the stock is owned by institutional investors.

Select Medical Stock Performance

Select Medical stock opened at $17.15 on Tuesday. Select Medical Holdings Co. has a fifty-two week low of $16.20 and a fifty-two week high of $40.98. The firm’s fifty day moving average price is $18.73 and its 200-day moving average price is $26.09. The stock has a market cap of $2.21 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a net margin of 3.23% and a return on equity of 14.04%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, equities research analysts expect that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a $0.0625 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.25 annualized dividend and a dividend yield of 1.46%. Select Medical’s dividend payout ratio is currently 15.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada decreased their price target on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, February 24th. Finally, UBS Group decreased their target price on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

About Select Medical

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.