December 1, 2016 - By Clifton Ray · 0 Comments
Amsurg Corp (NASDAQ:AMSG) institutional sentiment increased to 1.33 in Q2 2016. Its up 0.47, from 0.86 in 2016Q1. The ratio is more positive, as 127 hedge funds increased and opened new equity positions, while 147 decreased and sold their equity positions in Amsurg Corp. The hedge funds in our partner’s database now have: 52.50 million shares, down from 55.50 million shares in 2016Q1. Also, the number of hedge funds holding Amsurg Corp in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 29 Reduced: 118 Increased: 88 New Position: 39.
AmSurg Corp. is a surgical center and physician services company. The company has a market cap of $3.80 billion. The Firm is an owner and operator of ambulatory surgery centers in the United States. It has a 22.43 P/E ratio. The Firm is also a well-known provider of outsourced physician services in the areas of anesthesiology, children’s services, emergency medicine and radiology.
About 1.79 million shares traded hands or 15.48% up from the average. Amsurg Corp (NASDAQ:AMSG) has declined 16.35% since April 28, 2016 and is downtrending. It has underperformed by 22.27% the S&P500.
Analysts await Amsurg Corp (NASDAQ:AMSG) to report earnings on February, 22. They expect $1.19 EPS, up 16.67% or $0.17 from last year’s $1.02 per share. AMSG’s profit will be $65.89 million for 14.42 P/E if the $1.19 EPS becomes a reality. After $1.06 actual EPS reported by Amsurg Corp for the previous quarter, Wall Street now forecasts 12.26% EPS growth.
According to Zacks Investment Research, “AmSurg Corp. is in the business of developing, acquiring and operating practice-based ambulatory surgery centers, in partnerships with physician practice groups, throughout the United States. An AmSurg surgery center is typically located adjacent to or in the immediate vicinity of the specialty medical practice of a physician group partner’s office. Each of the surgery centers provides a narrow range of high volume, lower-risk surgical procedures, generally in a single specialty.”
Southernsun Asset Management Llc holds 2.32% of its portfolio in Amsurg Corp for 1.14 million shares. Eagle Boston Investment Management Inc owns 213,611 shares or 2.25% of their US portfolio. Moreover, Consolidated Investment Group Llc has 2.13% invested in the company for 54,384 shares. The Connecticut-based Scholtz & Company Llc has invested 1.97% in the stock. Capital Growth Management Lp, a Massachusetts-based fund reported 550,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 sales for $960,075 net activity.
Ratings analysis reveals 78% of AmSurg’s analysts are positive. Out of 9 Wall Street analysts rating AmSurg, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $71 while the high is $97. The stock’s average target of $87.50 is 27.61% above today’s ($68.57) share price. AMSG was included in 14 notes of analysts from August 6, 2015. As per Friday, June 24, the company rating was maintained by Mizuho. Barclays Capital initiated the stock with “Equal-Weight” rating in Wednesday, January 6 report. Wells Fargo initiated the stock with “Market Perform” rating in Wednesday, June 15 report. As per Monday, December 14, the company rating was maintained by Stephens. Mizuho downgraded it to “Neutral” rating and $71 target price in Wednesday, November 9 report. The company was initiated on Monday, September 26 by Citigroup. Mizuho initiated Amsurg Corp (NASDAQ:AMSG) on Friday, April 1 with “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Monday, November 30. The stock of Amsurg Corp (NASDAQ:AMSG) has “Outperform” rating given on Wednesday, November 2 by Wells Fargo. On Wednesday, September 16 the stock rating was initiated by JP Morgan with “Overweight”.
AmSurg Corp., incorporated on the March 6, 1992, is a surgical center and physician services company. The Firm is an owner and operator of ambulatory surgery centers (ASCs) in the United States. The Firm is also a well-known provider of outsourced physician services in the areas of anesthesiology, children’s services, emergency medicine and radiology. It operates through two divisions: ambulatory services and physician services. The Firm operates approximately 260 ASCs in over 30 states and the District of Columbia in partnership with approximately 2,000 physicians, and provides physician services to over 450 healthcare facilities in approximately 30 states.
Another recent and important Amsurg Corp (NASDAQ:AMSG) news was published by Businesswire.com which published an article titled: “Envision Healthcare and AMSURG Shareholders Approve Merger” on November 28, 2016.
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By Clifton Ray