Nomura Asset Management Co. Ltd. Has $33,000 Stake in Pediatrix Medical Group, Inc. (NYSE:MD)

Nomura Asset Management Co. Ltd. boosted its position in Pediatrix Medical Group, Inc. (NYSE:MD) by 95.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the company’s stock after purchasing an additional 1,220 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Pediatrix Medical Group were worth $33,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in shares of Pediatrix Medical Group during the fourth quarter worth $35,492,000. American Century Companies Inc. lifted its holdings in Pediatrix Medical Group by 628.2% during the 4th quarter. American Century Companies Inc. now owns 1,739,323 shares of the company’s stock worth $22,820,000 after buying an additional 1,500,485 shares during the period. Boston Partners grew its position in shares of Pediatrix Medical Group by 25.2% in the 4th quarter. Boston Partners now owns 1,956,353 shares of the company’s stock valued at $25,922,000 after buying an additional 393,600 shares during the last quarter. Weiss Asset Management LP increased its stake in shares of Pediatrix Medical Group by 50.5% in the third quarter. Weiss Asset Management LP now owns 912,818 shares of the company’s stock valued at $10,580,000 after buying an additional 306,143 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Pediatrix Medical Group during the fourth quarter worth about $3,066,000. 97.71% of the stock is currently owned by institutional investors.

Pediatrix Medical Group Trading Down 4.8 %

NYSE:MD opened at $13.46 on Friday. Pediatrix Medical Group, Inc. has a 12 month low of $6.62 and a 12 month high of $17.67. 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 stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -11.22, a PEG ratio of 1.74 and a beta of 1.49. The firm has a fifty day simple moving average of $14.42 and a two-hundred day simple moving average of $13.77.

Pediatrix Medical Group (NYSE:MD) last issued 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 business had revenue of $502.36 million during the quarter, compared to analyst estimates of $486.22 million. Pediatrix Medical Group had a positive return on equity of 15.47% and a negative net margin of 4.92%. Analysts expect that Pediatrix Medical Group, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial upped their target price on Pediatrix Medical Group from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, February 21st. Macquarie assumed coverage on shares of Pediatrix Medical Group in a research note on Monday, December 16th. They set an “outperform” rating and a $18.00 target price for the company. UBS Group upped their price target on shares of Pediatrix Medical Group from $16.50 to $18.50 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, StockNews.com raised Pediatrix Medical Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.08.

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.