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

Victory Capital Management Inc. raised its position in shares of Select Medical Holdings Co. (NYSE:SEM) by 0.6% during the third quarter, HoldingsChannel reports. The firm owned 1,181,078 shares of the health services provider’s stock after purchasing an additional 7,372 shares during the period. Victory Capital Management Inc.’s holdings in Select Medical were worth $41,184,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SEM. Versor Investments LP purchased a new position in Select Medical during the 3rd quarter valued at about $1,245,000. Financial Strategies Group Inc. boosted its position in shares of Select Medical by 22.1% in the 3rd quarter. Financial Strategies Group Inc. now owns 10,709 shares of the health services provider’s stock worth $363,000 after purchasing an additional 1,938 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Select Medical by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,357,823 shares of the health services provider’s stock worth $82,208,000 after purchasing an additional 147,032 shares in the last quarter. EMC Capital Management raised its holdings in Select Medical by 63.4% in the 3rd quarter. EMC Capital Management now owns 12,536 shares of the health services provider’s stock worth $437,000 after acquiring an additional 4,862 shares during the last quarter. Finally, Sippican Capital Advisors raised its holdings in Select Medical by 30.9% in the 3rd quarter. Sippican Capital Advisors now owns 12,442 shares of the health services provider’s stock worth $434,000 after acquiring an additional 2,937 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Stock Up 0.6 %

Shares of NYSE:SEM opened at $37.45 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical Holdings Co. has a 12 month low of $22.26 and a 12 month high of $40.98. The company has a 50-day moving average price of $34.74 and a 200 day moving average price of $34.66. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.99 and a beta of 1.42.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Select Medical Holdings Co. will post 2.16 earnings per share for the current year.

Select Medical Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SEM shares. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada upped their price objective on Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Bank of America assumed coverage on shares of Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $48.00 target price on shares of Select Medical in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Select Medical has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.

Select Medical Company 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.