Victory Capital Management Inc. Sells 1,083,547 Shares of Select Medical Holdings Co. (NYSE:SEM)

Victory Capital Management Inc. lessened its holdings in shares of Select Medical Holdings Co. (NYSE:SEM) by 91.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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. owned 0.08% of Select Medical worth $1,838,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Kingsview Wealth Management LLC bought a new stake in shares of Select Medical during the third quarter worth about $1,927,000. JPMorgan Chase & Co. boosted its stake in Select Medical by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 416,299 shares of the health services provider’s stock valued at $14,516,000 after purchasing an additional 36,905 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Select Medical during the 3rd quarter worth approximately $1,592,000. Argent Capital Management LLC raised its stake in shares of Select Medical by 79.8% in the fourth quarter. Argent Capital Management LLC now owns 55,144 shares of the health services provider’s stock worth $1,039,000 after purchasing an additional 24,471 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Select Medical by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock valued at $85,180,000 after purchasing an additional 46,880 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Up 2.3 %

Shares of NYSE:SEM opened at $17.15 on Tuesday. The company has a market capitalization of $2.21 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. Select Medical Holdings Co. has a 1 year low of $16.20 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $18.73 and a two-hundred day moving average price of $26.09.

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

Select Medical Cuts Dividend

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

Analyst Ratings Changes

SEM has been the subject of several recent research reports. Royal Bank of Canada decreased their price target on Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, February 24th. UBS Group reduced their target price on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Select Medical Profile

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.