Sasco Capital Inc. CT increased its holdings in Pediatrix Medical Group, Inc. (NYSE:MD – Free Report) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,610 shares of the company’s stock after purchasing an additional 7,040 shares during the period. Sasco Capital Inc. CT owned approximately 0.12% of Pediatrix Medical Group worth $1,330,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MD. PNC Financial Services Group Inc. lifted its stake in shares of Pediatrix Medical Group by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 22,466 shares of the company’s stock valued at $527,000 after buying an additional 2,081 shares during the period. AlphaCrest Capital Management LLC bought a new position in Pediatrix Medical Group during the first quarter worth about $242,000. Natixis Advisors L.P. lifted its stake in Pediatrix Medical Group by 35.3% during the first quarter. Natixis Advisors L.P. now owns 19,578 shares of the company’s stock worth $460,000 after purchasing an additional 5,107 shares during the period. Acadian Asset Management LLC lifted its stake in Pediatrix Medical Group by 831.3% during the first quarter. Acadian Asset Management LLC now owns 7,311 shares of the company’s stock worth $171,000 after purchasing an additional 6,526 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Pediatrix Medical Group by 56.5% in the first quarter. MetLife Investment Management LLC now owns 42,018 shares of the company’s stock valued at $987,000 after acquiring an additional 15,170 shares during the last quarter. 96.89% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on MD. UBS Group began coverage on shares of Pediatrix Medical Group in a research note on Thursday, November 30th. They issued a “neutral” rating and a $9.50 target price for the company. Truist Financial lowered their price target on shares of Pediatrix Medical Group from $16.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, October 11th.
Pediatrix Medical Group Stock Up 1.1 %
MD traded up $0.10 during trading on Thursday, hitting $8.99. The company had a trading volume of 650,068 shares, compared to its average volume of 646,769. The company has a market capitalization of $755.34 million, a PE ratio of 7.96, a PEG ratio of 0.78 and a beta of 1.57. Pediatrix Medical Group, Inc. has a one year low of $8.18 and a one year high of $17.30. The firm’s 50-day moving average price is $9.38 and its 200 day moving average price is $11.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.64.
Insider Activity at Pediatrix Medical Group
In other Pediatrix Medical Group news, CEO James D. Swift sold 5,764 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $9.58, for a total transaction of $55,219.12. Following the transaction, the chief executive officer now owns 90,874 shares in the company, valued at approximately $870,572.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.
Pediatrix Medical Group 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.
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