Market Runner: What’s Next for Amsurg Corp After Reaching 52 Week Low?

Market Runner: What's Next for Amsurg Corp After Reaching 52 Week Low?

The stock of Amsurg Corp (NASDAQ:AMSG) hit a new 52-week low and has $53.40 target or 8.00% below today’s $58.04 share price. The 6 months bearish chart indicates high risk for the $3.20 billion company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $53.40 price target is reached, the company will be worth $256.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 3.75 million shares traded hands or 234.82% up from the average. Amsurg Corp (NASDAQ:AMSG) has declined 11.02% since April 7, 2016 and is downtrending. It has underperformed by 15.81% the S&P500.

Amsurg Corp (NASDAQ:AMSG) Ratings Coverage

Out of 9 analysts covering AmSurg (NASDAQ:AMSG), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. AmSurg has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. The rating was downgraded by Mizuho to “Neutral” on Wednesday, November 9. Wells Fargo upgraded Amsurg Corp (NASDAQ:AMSG) on Wednesday, November 2 to “Outperform” rating. Citigroup initiated the stock with “Buy” rating in Monday, September 26 report. As per Monday, November 30, the company rating was reinitiated by Goldman Sachs. On Monday, December 14 the stock rating was maintained by Stephens with “Overweight”. Mizuho initiated it with “Buy” rating and $84 target price in Friday, April 1 report. The rating was initiated by Barclays Capital on Wednesday, January 6 with “Equal-Weight”. The rating was maintained by Mizuho on Friday, June 24 with “Buy”. The stock of Amsurg Corp (NASDAQ:AMSG) has “Market Perform” rating given on Wednesday, June 15 by Wells Fargo.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.13, from 0.99 in 2016Q1. The ratio dived, as 29 funds sold all Amsurg Corp shares owned while 118 reduced positions. 39 funds bought stakes while 88 increased positions. They now own 52.50 million shares or 5.39% less from 55.50 million shares in 2016Q1.
Blackrock Japan holds 0% or 33 shares in its portfolio. Scholtz Ltd Liability accumulated 24,690 shares or 1.97% of the stock. Clinton Grp reported 8,993 shares or 0.03% of all its holdings. Gemmer Asset Management Limited Liability has 78 shares for 0% of their US portfolio. Axiom Interest Invsts Ltd De has invested 0.05% of its portfolio in Amsurg Corp (NASDAQ:AMSG). Mariner Invest Group Inc Inc Limited holds 0.18% or 7,000 shares in its portfolio. Royal Bancorp Of Canada has invested 0.03% of its portfolio in Amsurg Corp (NASDAQ:AMSG). Moreover, Td Asset Inc has 0% invested in Amsurg Corp (NASDAQ:AMSG) for 7,066 shares. Bb&T Securities Limited Co, a Virginia-based fund reported 12,270 shares. Moreover, Blackrock Investment Management Ltd Limited Liability Company has 0.02% invested in Amsurg Corp (NASDAQ:AMSG) for 156,121 shares. The Michigan-based Comerica Commercial Bank has invested 0.03% in Amsurg Corp (NASDAQ:AMSG). Employees Retirement Association Of Colorado has 0.23% invested in the company for 362,238 shares. Washington Mgmt holds 0.54% of its portfolio in Amsurg Corp (NASDAQ:AMSG) for 4,900 shares. The Colorado-based Alps Inc has invested 0% in Amsurg Corp (NASDAQ:AMSG). Wesbanco State Bank accumulated 0.04% or 9,238 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 2 selling transactions for $960,075 net activity. Coward Robert Jon had sold 7,500 shares worth $482,700 on Thursday, August 18.

More recent Amsurg Corp (NASDAQ:AMSG) news were published by: Businesswire.com which released: “AMSURG Corp. to Present at Stephens 2016 Fall Investment Conference” on November 01, 2016. Also Benzinga.com published the news titled: “8 Biggest Price Target Changes For Wednesday” on November 09, 2016. Seekingalpha.com‘s news article titled: “Amsurg Corp.: Stagnant Stock Price Might Make This A Buy” with publication date: October 24, 2016 was also an interesting one.

AMSG Company Profile

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.

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