Illinois Municipal Retirement Fund Sells 5,997 Shares of Pediatrix Medical Group, Inc. (NYSE:MD)

Illinois Municipal Retirement Fund decreased its holdings in shares of Pediatrix Medical Group, Inc. (NYSE:MD) by 11.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,513 shares of the company’s stock after selling 5,997 shares during the period. Illinois Municipal Retirement Fund’s holdings in Pediatrix Medical Group were worth $423,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its holdings in shares of Pediatrix Medical Group by 66.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 81,988 shares of the company’s stock valued at $762,000 after purchasing an additional 32,831 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Pediatrix Medical Group by 5.0% in the fourth quarter. Federated Hermes Inc. now owns 283,793 shares of the company’s stock valued at $2,639,000 after purchasing an additional 13,497 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Pediatrix Medical Group in the fourth quarter valued at approximately $385,000. Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Pediatrix Medical Group by 51.5% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 534,621 shares of the company’s stock valued at $4,972,000 after purchasing an additional 181,662 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Pediatrix Medical Group by 226.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 36,161 shares of the company’s stock worth $336,000 after buying an additional 25,098 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MD shares. Jefferies Financial Group lowered their target price on Pediatrix Medical Group from $10.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Mizuho lowered their target price on Pediatrix Medical Group from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. TheStreet lowered Pediatrix Medical Group from a “c” rating to a “d” rating in a report on Friday, February 23rd. Finally, Truist Financial lowered their target price on Pediatrix Medical Group from $10.50 to $10.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Pediatrix Medical Group has an average rating of “Hold” and an average price target of $10.30.

Pediatrix Medical Group Stock Performance

Shares of MD opened at $9.01 on Thursday. Pediatrix Medical Group, Inc. has a 12 month low of $7.70 and a 12 month high of $15.06. The stock has a fifty day moving average price of $9.20 and a 200-day moving average price of $9.52. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. The firm has a market cap of $757.11 million, a PE ratio of -12.45, a P/E/G ratio of 2.44 and a beta of 1.58.

Pediatrix Medical Group (NYSE:MD) last released its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Pediatrix Medical Group had a positive return on equity of 10.35% and a negative net margin of 3.03%. The firm had revenue of $496.44 million for the quarter, compared to the consensus estimate of $524.30 million. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Equities research analysts predict that Pediatrix Medical Group, Inc. will post 1.12 earnings per share for the current fiscal year.

About Pediatrix Medical Group

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.