Select Medical Holdings Co. (NYSE:SEM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Select Medical Holdings Co. (NYSE:SEM - Free Report) by 91.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,531 shares of the health services provider's stock after selling 1,083,547 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Select Medical worth $1,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Kingsview Wealth Management LLC purchased a new stake in shares of Select Medical during the 3rd quarter valued at about $1,927,000. JPMorgan Chase & Co. raised its position in Select Medical by 9.7% during the third 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 period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Select Medical in the 3rd quarter valued at approximately $1,592,000. Argent Capital Management LLC boosted its holdings in shares of Select Medical by 79.8% in the 4th 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 period. Finally, Geode Capital Management LLC increased its position in shares of Select Medical by 2.0% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 89.48% of the company's stock.

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Select Medical Stock Down 1.7 %

Select Medical stock traded down $0.28 during trading hours on Friday, reaching $16.55. The stock had a trading volume of 1,162,312 shares, compared to its average volume of 754,335. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.64 and a beta of 1.56. The business's 50 day moving average price is $18.62 and its 200-day moving average price is $25.83. Select Medical Holdings Co. has a 52 week low of $16.20 and a 52 week 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.

Select Medical (NYSE:SEM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $1.50 billion. Sell-side analysts anticipate that Select Medical Holdings Co. will post 1.17 EPS for the current 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 dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical's dividend payout ratio (DPR) is presently 15.15%.

Wall Street Analysts Forecast Growth

Several research analysts have 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. UBS Group lowered 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. Benchmark upgraded Select Medical from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a report on Monday, February 24th. Finally, Royal Bank of Canada reduced their price objective on Select Medical from $47.00 to $23.00 and set an "outperform" rating on the stock in a 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 stock. According to MarketBeat, Select Medical has an average rating of "Moderate Buy" and an average 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.