Pinnacle, America Service big gainers
Posted on November 16, 2009 at 1:13 pm
A good number of Middle Tennessee’s public companies are on track to gain about 3 percent today, but two names are outpacing them and the broader market. Shares of Pinnacle Financial Partners (Ticker: PNFP) are up some 7 percent while America Service (Ticker: ASGR) is 5.5 percent higher. Both stocks are now at their highest levels in about two weeks.
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America Service renews Wyoming work
Posted on October 28, 2009 at 7:07 am
Previewing the third-quarter earnings America Service Group will announce this afternoon, Avondale Partners analyst Kevin Campbell notes that the company recently renewed a $20 million contract with the state of Wyoming. As for Q3, the consensus has Brentwood-based America Service (Ticker: ASGR) earning 29 cents per share on revenue of $158 million.
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Analyst: Buy America Service on the dips
Posted on October 5, 2009 at 8:11 amAvondale Partners analyst Kevin Campbell says investors shouldn’t worry about the company’s decision not to try to renew its $18 million-a-year contract with Vermont. There are plenty of other growth avenues out there, he wrote on Friday — including in Arizona and Tennessee, where officials are preparing to hand out contracts totaling more than $100 million.
Campbell has tweaked his EPS estimates and lowered his price target from $20 to $19 to account for the Vermont move, but says investors should take advantage of the shares’ (Ticker: ASGR) recent weakness to jump in or add to their stakes.
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Vermont officials: Good riddance to Prison Health
Posted on October 1, 2009 at 1:00 pmPrison Health Services will not be missed in Vermont, where the corrections commissioner is pointing out the coincidence of the company saying it won’t bid for a new contract after an inmate died in custody. Prison Health is a unit of America Service Group, whose shares (Ticker: ASGR) are down along with the rest of the market today.
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Local health care names outpacing market
Posted on June 24, 2009 at 1:29 pmOn an up day for stocks, a number of Nashville-based health care companies are leading the way and outperforming their sector benchmarks. Around lunch time, shares of Psychiatric Solutions (Ticker: PSYS) are trading 8 percent higher, while hospital operator Community Health (Ticker: CYH) is up more than 5 percent. Also solidly in the plus column are LifePoint (Ticker: LPNT), America Service Group (Ticker: ASGR) and Brookdale Senior Living. (Ticker: BKD)
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America Service: Look for us in the Russell
Posted on June 22, 2009 at 11:54 pmExpect to see some unusual action in the shares of America Service Group in the coming days. The Brentwood-based provider of prison health care said Monday afternoon it expects to be added to the updated Russell 2000 and Russell Global indices later this week. The indices are used as benchmarks for many mutual funds and exchange-traded funds.
Joining the index should help America Service shares (Ticker: ASGR) recover some of the ground they lost Monday, when they dropped 11 percent. Year to date, the stock is up almost 30 percent.
SEE ALSO: Russell’s list of pending additions and deletions, which includes the parent companies of GreenBank and the Nashville Superspeedway.
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Prison Health wins Calif. contract
Posted on June 17, 2009 at 9:54 amThe unit of America Service Group has been awarded a two-year deal by Santa Barbara County authorities. But some local already are asking questions about the company’s approach.
Indeed, it appears Prison Health’s mental health component aims to pull off more than ADMHS does with .25 less of an FTE, county document show. Critics of the contract say the position structure, with health and mental health employees overlapping, will be spread too thin.
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America Service looks beyond the cell block
Posted on April 29, 2009 at 9:52 am
The Brentwood-based company, which rang up $500 million in prison health care revenue last year, is mulling the expansion of its telemedicine services into other ‘underserved’ (think rural) markets. The company’s shares (Ticker: ASGR) are up almost 150 percent in the past year.
Word of the initiative first came out on Monday, when telecom equipment provider Polycom said America Service’s Clinical e-Health Solutions unit bought some more of its stuff.
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Quietly, carefully…
Posted on March 4, 2009 at 4:07 pmSeattle-based Columbia Pacific Opportunity Fund continues to build its stake in America Service Group. In a series of purchases last week and in the past two days, the fund has raised its holdings in the Brentwood-based company (Ticker: ASGR) to more than 11 percent. Columbia Pacific bought in a much more forceful way last fall and has since ridden America Service shares rise from $8 to more than $11.
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Development exec rejoins Prison Health
Posted on February 12, 2009 at 1:38 pm
Jon Walker, who left Prison Health Services in late 2007, has returned to be senior VP of business development. He will oversee sales, government relations, public relations and marketing at the America Service Group subsidiary. (Ticker: ASGR)
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America Service finalizes big Michigan deal
Posted on February 10, 2009 at 2:16 pmThe provider of health care to inmates has hammered out the details of the three-year deal that will be worth more than $320 million. The two parties agreed to tentative terms in December.
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It’s a double-digit day
Posted on January 28, 2009 at 1:03 pmShareholders of America Service Group, O’Charley’s, Gaylord Entertainment, Healthways and Louisiana-Pacific are running way ahead of the S&P today. The broader indices are up about 3 percent.
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Flagging shares of America Service
Posted on January 5, 2009 at 2:20 pmInvestopedia columnist Joey Fundora says the technicals of the prison health care provider (Ticker: ASGR) are predicting another strong run up.
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Avondale likes locals in ‘09
Posted on December 31, 2008 at 12:58 pmThe Nashville investment bank’s analysts say the outlook for Corrections Corp. (Ticker: CXW), Psychiatric Solutions (Ticker: PSYS) and America Service Group (Ticker: ASGR) is solid on several fronts.
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Investor lifts America Service stake
Posted on December 3, 2008 at 7:11 pmA Seattle-based investment fund has increased its stake in America Service Group (Ticker: ASGR) to 10 percent. Columbia Pacific, which also invests in Asian health care companies and earlier this year offered to take private a hotel chain, in August disclosed a 6.6 percent stake.
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