Public Employees Retirement Association of Colorado Increases Stake in Amsurg Corp. (AMSG)
Public Employees Retirement Association of Colorado increased its stake in shares of Amsurg Corp. (NASDAQ:AMSG) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,238 shares of the company’s stock after buying an additional 1,727 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Amsurg Corp. were worth $28,088,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Smith Asset Management Group LP raised its position in Amsurg Corp. by 8,500.0% in the second quarter. Smith Asset Management Group LP now owns 1,720 shares of the company’s stock valued at $133,000 after buying an additional 1,700 shares during the period. Invictus RG raised its position in Amsurg Corp. by 824.3% in the first quarter. Invictus RG now owns 1,904 shares of the company’s stock valued at $142,000 after buying an additional 1,698 shares during the period. Checchi Capital Advisers LLC bought a new position in Amsurg Corp. during the second quarter valued at approximately $157,000. Oakbrook Investments LLC bought a new position in Amsurg Corp. during the second quarter valued at approximately $209,000. Finally, Mount Lucas Management LP raised its position in Amsurg Corp. by 10.3% in the first quarter. Mount Lucas Management LP now owns 3,483 shares of the company’s stock valued at $260,000 after buying an additional 326 shares during the period. 98.43% of the stock is owned by institutional investors.
Amsurg Corp. (NASDAQ:AMSG) traded up 1.98% during midday trading on Monday, reaching $67.34. The company’s stock had a trading volume of 461,033 shares. The firm has a 50-day moving average price of $65.63 and a 200 day moving average price of $73.31. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 19.98 and a beta of 0.68. Amsurg Corp. has a 52-week low of $58.37 and a 52-week high of $87.29.
Amsurg Corp. (NASDAQ:AMSG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The firm earned $758.50 million during the quarter, compared to analysts’ expectations of $769.88 million. Amsurg Corp. had a net margin of 6.53% and a return on equity of 8.20%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Equities research analysts predict that Amsurg Corp. will post $4.33 EPS for the current fiscal year.
AMSG has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $95.00 target price on shares of Amsurg Corp. in a report on Thursday, July 14th. Zacks Investment Research raised Amsurg Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Monday, July 11th. Jefferies Group reaffirmed a “buy” rating on shares of Amsurg Corp. in a report on Sunday, July 3rd. Mizuho upped their target price on Amsurg Corp. from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, June 24th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Amsurg Corp. in a report on Friday, June 17th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Amsurg Corp. currently has a consensus rating of “Buy” and a consensus price target of $92.09.
In other Amsurg Corp. news, insider Robert Jon Coward sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $64.36, for a total transaction of $482,700.00. Following the completion of the transaction, the insider now owns 105,007 shares in the company, valued at $6,758,250.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.
Amsurg Corp. Company Profile
AmSurg Corp. is a surgical center and physician services company. The Company is an owner and operator of ambulatory surgery centers (ASCs) in the United States. The Company is also a provider of outsourced physician services in the areas of anesthesiology, children’s services, emergency medicine and radiology.
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