Hospital operator sticks to guidance despite admissions drop; surgery center company's board OKs new buyback
Apr 24, 2009 12:36 AM
Senior analyst Chris Kallos says the surgery center company has been oversold amid the nervousness over Medicare payments and other health care reform talk. His new price target is $20, more than 20 percent above where the shares (Ticker: AMSG) closed this afternoon.
Mar 16, 2009 3:20 PM
The Obama administration's health care initiatives and the slow economy continue to spook investors in hospitals, surgery centers and just about every other niche that matters to Nashville. Today's action has taken AmSurg, HealthSpring and Psych Solutions to new 52-week lows.
Mar 2, 2009 12:40 PM
A few quick notes from the annual report filed Thursday by surgery center operator AmSurg: - The company has acquired three surgery centers (but announced none of them) for a total of $16.5 million. Company execs, who snapped up 40 centers in '07 and '08, have said in recent months that they see opportunities in a market with far fewer potential buyers. - The company's buyback program has spent $12.4 million of the $25 million allotted to it in September and offset the impact of all 2008 stock option exercises. The average price of the shares bought back (Ticker: AMSG) was $24, 60 percent above Thursday's close.
Feb 26, 2009 9:56 PM
Two local stocks that have outperformed the S&P over the past year will start the week backed by upgrades. Wunderlich Securities' Kevin Reynolds has raised his rating of Pinnacle Financial Partners (Ticker: PNFP) from 'hold' to 'buy.' Reynolds, who began covering Pinnacle early this month, has kept his price target at $26. In the same vein, AmSurg shares (Ticker: AMSG) have been raised to 'outperform' at both RBC Capital and Robert W. Baird. Bairdm which last month began covering the shares with a 'neutral' rating, has however lowered its price target from $27 to $24. Also getting an upgrade this morning are shares of Synovus Financial, the parent of The Bank of Nashville. Citigroup has raised its rating from 'hold' to 'buy,' although it did lower its price target on the stock (Ticker: SNV) to $5. Citigroup wasn't so kind to other regional bank stocks, though, lowering a group that includes Regions Financial (Ticker: RF) from 'buy' to 'hold.' Go to the Journal's site for more ratings changes.
Feb 23, 2009 7:41 AM
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS