193,370 Shares in Pediatrix Medical Group, Inc. (NYSE:MD) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in Pediatrix Medical Group, Inc. (NYSE:MD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 193,370 shares of the company’s stock, valued at approximately $2,537,000. Teacher Retirement System of Texas owned approximately 0.23% of Pediatrix Medical Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quest Partners LLC increased its stake in shares of Pediatrix Medical Group by 25.6% in the 3rd quarter. Quest Partners LLC now owns 3,054 shares of the company’s stock valued at $35,000 after acquiring an additional 622 shares in the last quarter. Intech Investment Management LLC increased its stake in Pediatrix Medical Group by 29.6% in the third quarter. Intech Investment Management LLC now owns 40,662 shares of the company’s stock valued at $471,000 after purchasing an additional 9,289 shares in the last quarter. Algert Global LLC acquired a new position in shares of Pediatrix Medical Group during the third quarter valued at about $1,315,000. FMR LLC boosted its position in shares of Pediatrix Medical Group by 220.6% during the 3rd quarter. FMR LLC now owns 9,841 shares of the company’s stock worth $114,000 after purchasing an additional 6,771 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Pediatrix Medical Group by 141.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,520 shares of the company’s stock valued at $215,000 after buying an additional 10,843 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Pediatrix Medical Group Stock Performance

NYSE MD opened at $14.76 on Thursday. The company has a fifty day moving average price of $14.37 and a 200-day moving average price of $13.61. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -12.30, a PEG ratio of 1.74 and a beta of 1.49. 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 1 year low of $6.62 and a 1 year 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 analysts’ consensus estimates 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 business had revenue of $502.36 million during the quarter, compared to the consensus estimate of $486.22 million. As a group, equities research analysts predict that Pediatrix Medical Group, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MD has been the topic of several recent research reports. StockNews.com upgraded Pediatrix Medical Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Macquarie started coverage on Pediatrix Medical Group in a report on Monday, December 16th. They issued an “outperform” rating and a $18.00 target price on the stock. Truist Financial boosted their price target on shares of Pediatrix Medical Group from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Finally, UBS Group raised their price objective on shares of Pediatrix Medical Group from $16.50 to $18.50 and gave the company a “neutral” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pediatrix Medical Group presently 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.