Shares of Surgery Partners Inc. (NASDAQ:SGRY) shot up 2.7% during mid-day trading on Thursday . The company traded as high as $18.13 and last traded at $18.07, with a volume of 63,922 shares trading hands. The stock had previously closed at $17.59.

A number of research firms have recently issued reports on SGRY. KeyCorp began coverage on Surgery Partners in a research report on Thursday, June 9th. They issued an “overweight” rating and a $21.00 price objective for the company. Zacks Investment Research raised Surgery Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Morgan Stanley reaffirmed a “hold” rating on shares of Surgery Partners in a research report on Friday, May 6th. Goldman Sachs Group Inc. cut their price objective on Surgery Partners from $23.00 to $20.00 in a research report on Monday, March 14th. Finally, Citigroup Inc. cut their price objective on Surgery Partners from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Surgery Partners has an average rating of “Buy” and a consensus target price of $22.75.

The firm has a 50-day moving average price of $15.63 and a 200 day moving average price of $15.54. The stock has a market cap of $868.10 million and a P/E ratio of 716.00.

Surgery Partners (NASDAQ:SGRY) last announced its earnings results on Thursday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.18. The firm earned $267.10 million during the quarter, compared to analysts’ expectations of $255.06 million. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Equities research analysts expect that Surgery Partners Inc. will post $0.54 EPS for the current year.

Other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC purchased a new position in Surgery Partners during the fourth quarter valued at approximately $34,117,000. Wells Fargo & Company MN purchased a new position in Surgery Partners during the fourth quarter valued at approximately $14,025,000. Oxford Asset Management bought a new stake in Surgery Partners during the fourth quarter valued at about $3,178,000. Finally, Sei Investments Co. bought a new stake in Surgery Partners during the fourth quarter valued at about $3,201,000.

Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.

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