Pediatrix Medical Group, Inc. (NYSE:MD) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in Pediatrix Medical Group, Inc. (NYSE:MD - Free Report) by 110.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,587 shares of the company's stock after purchasing an additional 255,273 shares during the period. Nuveen Asset Management LLC owned about 0.57% of Pediatrix Medical Group worth $6,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Numerai GP LLC purchased a new position in Pediatrix Medical Group in the fourth quarter valued at $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Pediatrix Medical Group by 6.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,002 shares of the company's stock valued at $643,000 after buying an additional 2,801 shares in the last quarter. Gotham Asset Management LLC raised its stake in Pediatrix Medical Group by 38.0% in the fourth quarter. Gotham Asset Management LLC now owns 54,642 shares of the company's stock valued at $717,000 after buying an additional 15,044 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Pediatrix Medical Group in the fourth quarter valued at $463,000. Finally, Deutsche Bank AG raised its stake in Pediatrix Medical Group by 53.1% in the fourth quarter. Deutsche Bank AG now owns 74,023 shares of the company's stock valued at $971,000 after buying an additional 25,663 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on MD shares. Truist Financial cut their price target on Pediatrix Medical Group from $18.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Macquarie raised their price target on Pediatrix Medical Group from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, UBS Group cut their price target on Pediatrix Medical Group from $18.50 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.67.

Pediatrix Medical Group Stock Performance

Shares of MD traded down $0.62 during midday trading on Monday, reaching $13.54. 701,755 shares of the stock were exchanged, compared to its average volume of 855,191. The business's 50-day moving average price is $13.72 and its 200 day moving average price is $14.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.42. Pediatrix Medical Group, Inc. has a twelve month low of $6.62 and a twelve month high of $17.67. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -11.28, a PEG ratio of 1.74 and a beta of 1.26.

Pediatrix Medical Group (NYSE:MD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.08. Pediatrix Medical Group had a positive return on equity of 15.47% and a negative net margin of 4.92%. The business had revenue of $458.36 million for the quarter, compared to analysts' expectations of $451.44 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business's revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Pediatrix Medical Group, Inc. will post 1.38 EPS for the current fiscal year.

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.