VIRGINIA RETIREMENT SYSTEMS ET Al Takes $1.03 Million Position in Pediatrix Medical Group, Inc. $MD

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Pediatrix Medical Group, Inc. (NYSE:MD) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 72,000 shares of the company’s stock, valued at approximately $1,033,000.

Several other large investors have also recently modified their holdings of the stock. AlphaQuest LLC increased its position in shares of Pediatrix Medical Group by 16.0% during the 1st quarter. AlphaQuest LLC now owns 5,877 shares of the company’s stock valued at $85,000 after purchasing an additional 811 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Pediatrix Medical Group by 8.7% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,913 shares of the company’s stock valued at $171,000 after purchasing an additional 950 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Pediatrix Medical Group by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 113,480 shares of the company’s stock valued at $1,628,000 after purchasing an additional 1,153 shares during the last quarter. Natixis Advisors LLC grew its position in Pediatrix Medical Group by 8.1% in the 1st quarter. Natixis Advisors LLC now owns 19,156 shares of the company’s stock valued at $278,000 after acquiring an additional 1,435 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Pediatrix Medical Group by 219.5% in the 1st quarter. GAMMA Investing LLC now owns 2,569 shares of the company’s stock valued at $37,000 after acquiring an additional 1,765 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Pediatrix Medical Group Price Performance

MD opened at $17.22 on Friday. Pediatrix Medical Group, Inc. has a 12-month low of $11.84 and a 12-month high of $18.22. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $16.70 and its 200-day simple moving average is $14.64. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.35 and a beta of 1.26.

Pediatrix Medical Group (NYSE:MD) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. Pediatrix Medical Group had a return on equity of 18.94% and a net margin of 5.66%.The business had revenue of $468.84 million for the quarter, compared to the consensus estimate of $464.37 million. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Pediatrix Medical Group, Inc. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MD. Truist Financial set a $17.00 price objective on Pediatrix Medical Group in a research report on Tuesday, October 14th. Zacks Research downgraded Pediatrix Medical Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pediatrix Medical Group in a research report on Wednesday, October 8th. Leerink Partners upped their price objective on Pediatrix Medical Group from $14.50 to $17.00 and gave the company a “market perform” rating in a research report on Friday, September 5th. Finally, Wall Street Zen raised Pediatrix Medical Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 4th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.93.

Pediatrix Medical Group Company Profile

Pediatrix Medical Group, Inc, together with its subsidiaries, provides newborn, maternal-fetal, pediatric cardiology, and other pediatric subspecialty care services in the United States. It offers neonatal care services, such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners, and other pediatric clinicians.