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

Victory Capital Management Inc. boosted its stake in Select Medical Holdings Co. (NYSE:SEM) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,739,361 shares of the health services provider’s stock after purchasing an additional 235,964 shares during the period. Victory Capital Management Inc. owned about 1.36% of Select Medical worth $40,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Watershed Asset Management L.L.C. raised its holdings in Select Medical by 8.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 10,760 shares of the health services provider’s stock valued at $253,000 after buying an additional 814 shares during the last quarter. Sivik Global Healthcare LLC raised its stake in shares of Select Medical by 30.0% during the fourth quarter. Sivik Global Healthcare LLC now owns 250,000 shares of the health services provider’s stock valued at $5,875,000 after acquiring an additional 57,657 shares during the last quarter. Denali Advisors LLC boosted its holdings in shares of Select Medical by 337.9% during the fourth quarter. Denali Advisors LLC now owns 63,783 shares of the health services provider’s stock worth $1,499,000 after purchasing an additional 49,218 shares during the period. Algert Global LLC bought a new stake in shares of Select Medical in the third quarter worth about $852,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Select Medical by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,387,202 shares of the health services provider’s stock valued at $35,055,000 after purchasing an additional 43,776 shares during the period. Institutional investors own 89.48% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the completion of the transaction, the chairman now directly owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.50% of the stock is currently owned by insiders.

Select Medical Stock Up 10.5 %

SEM stock opened at $31.43 on Monday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50 day moving average price is $28.42 and its two-hundred day moving average price is $25.95. Select Medical Holdings Co. has a fifty-two week low of $21.28 and a fifty-two week high of $33.51.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. As a group, analysts forecast that Select Medical Holdings Co. will post 2.03 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.59%. Select Medical’s dividend payout ratio (DPR) is currently 23.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Select Medical in a research report on Friday. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Select Medical presently has a consensus rating of “Moderate Buy” and an average target price of $34.40.

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.