Tyers Asset Management LLC Raises Position in MEDNAX Inc (NYSE:MD)

Tyers Asset Management LLC boosted its position in shares of MEDNAX Inc (NYSE:MD) by 15.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 113,960 shares of the company’s stock after buying an additional 14,840 shares during the quarter. Tyers Asset Management LLC’s holdings in MEDNAX were worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in shares of MEDNAX by 150.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,390,670 shares of the company’s stock worth $37,784,000 after acquiring an additional 835,444 shares in the last quarter. Alphasimplex Group LLC boosted its holdings in shares of MEDNAX by 24.5% in the 1st quarter. Alphasimplex Group LLC now owns 48,693 shares of the company’s stock worth $1,323,000 after acquiring an additional 9,570 shares in the last quarter. Sapience Investments LLC acquired a new position in shares of MEDNAX in the 1st quarter worth approximately $8,780,000. Hancock Whitney Corp boosted its holdings in shares of MEDNAX by 2.3% in the 1st quarter. Hancock Whitney Corp now owns 116,092 shares of the company’s stock worth $3,154,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of MEDNAX in the 1st quarter worth approximately $11,210,000. Hedge funds and other institutional investors own 91.19% of the company’s stock.

NYSE:MD traded down $0.40 during trading hours on Wednesday, hitting $25.95. 20,343 shares of the stock were exchanged, compared to its average volume of 1,146,217. MEDNAX Inc has a twelve month low of $24.30 and a twelve month high of $48.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.01 and a beta of 0.66.

MEDNAX (NYSE:MD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.05). MEDNAX had a positive return on equity of 9.82% and a negative net margin of 1.05%. The firm had revenue of $851.20 million for the quarter, compared to analyst estimates of $906.35 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that MEDNAX Inc will post 3.13 EPS for the current fiscal year.

MD has been the topic of several recent analyst reports. Credit Suisse Group reduced their target price on MEDNAX from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 13th. Jefferies Financial Group reduced their target price on MEDNAX from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Zacks Investment Research downgraded MEDNAX from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Finally, Citigroup set a $36.00 target price on MEDNAX and gave the stock a “buy” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. MEDNAX presently has an average rating of “Hold” and a consensus price target of $40.55.

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MEDNAX Profile

MEDNAX, Inc, together with its subsidiaries, provides newborn, anesthesia, maternal-fetal, radiology and teleradiology, pediatric cardiology, and other pediatric subspecialty physician services in the United States and Puerto Rico. 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; anesthesia and anesthesia subspecialty care services; and acute and chronic pain management services.

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Institutional Ownership by Quarter for MEDNAX (NYSE:MD)

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