Pediatrix Medical Group, Inc. (NYSE:MD) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in Pediatrix Medical Group, Inc. (NYSE:MD) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,552 shares of the company’s stock after purchasing an additional 3,419 shares during the quarter. MetLife Investment Management LLC’s holdings in Pediatrix Medical Group were worth $703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Everence Capital Management Inc. raised its holdings 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 acquiring an additional 960 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Pediatrix Medical Group by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,919 shares of the company’s stock valued at $51,000 after purchasing an additional 1,040 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Pediatrix Medical Group by 95.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,500 shares of the company’s stock worth $33,000 after purchasing an additional 1,220 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Pediatrix Medical Group by 65.9% during the fourth quarter. AlphaQuest LLC now owns 5,066 shares of the company’s stock worth $66,000 after purchasing an additional 2,012 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake 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 worth $622,000 after purchasing an additional 3,411 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Pediatrix Medical Group Price Performance

MD stock opened at $12.94 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.42 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.11 billion, a P/E ratio of -10.78, a PEG ratio of 1.74 and a beta of 1.32. The business has a 50 day simple moving average of $13.75 and a 200-day simple moving average of $13.99. Pediatrix Medical Group, Inc. has a twelve month low of $6.62 and a twelve month high of $17.67.

Pediatrix Medical Group (NYSE:MD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. Pediatrix Medical Group had a negative net margin of 4.92% and a positive return on equity of 15.47%. The company had revenue of $502.36 million for the quarter, compared to the consensus estimate of $486.22 million. As a group, equities analysts anticipate that Pediatrix Medical Group, Inc. will post 1.38 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MD. Truist Financial decreased their price target on Pediatrix Medical Group from $18.00 to $16.00 and set a “hold” rating for the company in a report on Friday, April 11th. UBS Group upped their price target on Pediatrix Medical Group from $16.50 to $18.50 and gave the company a “neutral” rating in a report on Friday, February 21st. Finally, StockNews.com raised shares of Pediatrix Medical Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.75.

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.