Proficio Capital Partners LLC Purchases Shares of 30,780 Pediatrix Medical Group, Inc. (NYSE:MD)

Proficio Capital Partners LLC acquired a new position in shares of Pediatrix Medical Group, Inc. (NYSE:MD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,780 shares of the company’s stock, valued at approximately $404,000.

A number of other hedge funds also recently modified their holdings of the stock. Quest Partners LLC grew its position in Pediatrix Medical Group by 25.6% in the third quarter. Quest Partners LLC now owns 3,054 shares of the company’s stock valued at $35,000 after acquiring an additional 622 shares during the last quarter. Everence Capital Management Inc. lifted its stake in Pediatrix Medical Group by 7.5% in the fourth quarter. Everence Capital Management Inc. now owns 13,840 shares of the company’s stock valued at $182,000 after buying an additional 960 shares during the period. Quarry LP increased its holdings in shares of Pediatrix Medical Group by 54.1% during the third quarter. Quarry LP now owns 4,735 shares of the company’s stock valued at $55,000 after acquiring an additional 1,662 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Pediatrix Medical Group by 9.0% during the third quarter. Atria Investments Inc now owns 27,124 shares of the company’s stock valued at $314,000 after acquiring an additional 2,238 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Pediatrix Medical Group by 7.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 47,409 shares of the company’s stock valued at $622,000 after acquiring an additional 3,411 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Pediatrix Medical Group Trading Down 1.8 %

MD opened at $14.38 on Tuesday. The stock has a market cap of $1.23 billion, a PE ratio of -11.98, a PEG ratio of 1.74 and a beta of 1.49. The company has a quick ratio of 1.42, a current ratio of 1.60 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $14.08 and a 200-day moving average of $13.33. Pediatrix Medical Group, Inc. has a 52 week low of $6.62 and a 52 week high of $17.67.

Pediatrix Medical Group (NYSE:MD) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. The company had revenue of $502.36 million during the quarter, compared to analysts’ expectations of $486.22 million. Pediatrix Medical Group had a positive return on equity of 15.47% and a negative net margin of 4.92%. Equities research analysts predict that Pediatrix Medical Group, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MD. StockNews.com upgraded Pediatrix Medical Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Macquarie began coverage on Pediatrix Medical Group in a research report on Monday, December 16th. They set an “outperform” rating and a $18.00 price target on the stock. Truist Financial increased their price objective on Pediatrix Medical Group from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, February 21st. UBS Group upped their target price on Pediatrix Medical Group from $16.50 to $18.50 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, Mizuho increased their price objective on Pediatrix Medical Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.08.

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.