Victory Capital Management Inc. Purchases 7,372 Shares of Select Medical Holdings Co. (NYSE:SEM)

Victory Capital Management Inc. lifted its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,181,078 shares of the health services provider’s stock after acquiring an additional 7,372 shares during the period. Victory Capital Management Inc. owned approximately 0.91% of Select Medical worth $41,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its position in Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after purchasing an additional 645 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Select Medical during the 2nd quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new position in Select Medical during the 2nd quarter worth approximately $39,000. DekaBank Deutsche Girozentrale acquired a new position in Select Medical during the 2nd quarter worth approximately $60,000. Finally, GAMMA Investing LLC increased its position in Select Medical by 52.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,983 shares of the health services provider’s stock valued at $70,000 after acquiring an additional 685 shares during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Select Medical Stock Up 0.6 %

Shares of NYSE SEM opened at $37.45 on Friday. The firm has a market cap of $4.85 billion, a PE ratio of 17.50, a P/E/G ratio of 1.99 and a beta of 1.42. Select Medical Holdings Co. has a 12-month low of $22.26 and a 12-month high of $40.98. The company’s fifty day simple moving average is $34.74 and its 200 day simple moving average is $34.66. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. Select Medical’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Select Medical Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be given a $0.125 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.34%. Select Medical’s dividend payout ratio is currently 23.36%.

Analyst Ratings Changes

SEM has been the subject of several recent research reports. Bank of America initiated coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target for the company. Royal Bank of Canada upped their price target on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $48.00 price target on shares of Select Medical in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

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.