The SVP, General Counsel and Secy of Mednax Inc (MD) is Buying Shares


Today, the SVP, General Counsel and Secy of Mednax Inc (NYSE: MD), Dominic Andreano, bought shares of MD for $166.3K.

Following this transaction Dominic Andreano’s holding in the company was increased by 14.62% to a total of $2.01 million. This is Andreano’s first Buy trade following 6 Sell transactions.

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Based on Mednax Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $902 million and quarterly net profit of $63.43 million. In comparison, last year the company earned revenue of $836 million and had a net profit of $54.69 million. MD’s market cap is $4.42B and the company has a P/E ratio of 13.24. Currently, Mednax Inc has an average volume of 1M.

10 different firms, including Craig-Hallum and Deutsche Bank, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $51.67, reflecting a -9.4% downside.

The insider sentiment on Mednax Inc has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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MEDNAX, Inc. provides physician services including newborn, anesthesia, maternal-fetal, tele radiology, pediatric cardiology and other pediatric subspecialty care. The company’s solution include anesthesiology & pain management, prenatal, neonatal, pediatric, radiology, tele radiology, revenue cycle management and perioperative improvement consulting.

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