State of Wisconsin Investment Board reduced its stake in shares of Amsurg Corp. (NASDAQ:AMSG) by 70.6% during the third quarter, Holdings Channel reports. The firm owned 55,136 shares of the company’s stock after selling 132,276 shares during the period. State of Wisconsin Investment Board’s holdings in Amsurg Corp. were worth $3,697,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMSG. Envestnet Asset Management Inc. raised its stake in shares of Amsurg Corp. by 12.9% in the first quarter. Envestnet Asset Management Inc. now owns 15,984 shares of the company’s stock worth $1,192,000 after buying an additional 1,826 shares during the period. Barclays PLC raised its stake in shares of Amsurg Corp. by 1,114.2% in the first quarter. Barclays PLC now owns 8,803 shares of the company’s stock worth $652,000 after buying an additional 8,078 shares during the period. Arizona State Retirement System raised its stake in shares of Amsurg Corp. by 4.3% in the first quarter. Arizona State Retirement System now owns 29,360 shares of the company’s stock worth $2,190,000 after buying an additional 1,200 shares during the period. Royal Bank of Canada raised its stake in shares of Amsurg Corp. by 1.9% in the first quarter. Royal Bank of Canada now owns 507,205 shares of the company’s stock worth $37,839,000 after buying an additional 9,438 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Amsurg Corp. by 27.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,901 shares of the company’s stock worth $1,634,000 after buying an additional 4,780 shares during the period. Hedge funds and other institutional investors own 98.67% of the company’s stock.

Institutional Ownership by Quarter for Amsurg Corp. (NASDAQ:AMSG)

Amsurg Corp. (NASDAQ:AMSG) traded up 3.85% during midday trading on Tuesday, hitting $67.38. The stock had a trading volume of 2,074,132 shares. The company has a 50-day moving average price of $64.31 and a 200-day moving average price of $70.03. Amsurg Corp. has a 12-month low of $57.32 and a 12-month high of $84.71. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 20.80 and a beta of 0.67.

Amsurg Corp. (NASDAQ:AMSG) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The business had revenue of $822.20 million for the quarter, compared to analyst estimates of $770.29 million. Amsurg Corp. had a return on equity of 8.05% and a net margin of 6.06%. The company’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Equities analysts anticipate that Amsurg Corp. will post $4.31 EPS for the current year.

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AMSG has been the topic of a number of recent research reports. Cantor Fitzgerald set a $90.00 price target on shares of Amsurg Corp. and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Citigroup Inc. initiated coverage on shares of Amsurg Corp. in a research note on Monday, September 26th. They set a “buy” rating and a $79.00 target price on the stock. Zacks Investment Research lowered shares of Amsurg Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Mizuho lowered shares of Amsurg Corp. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $71.00 in a research note on Wednesday, November 9th. Finally, Wells Fargo & Co. upgraded shares of Amsurg Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 2nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $89.45.

About Amsurg Corp.

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.

5 Day Chart for NASDAQ:AMSG

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