Surgery Partners Inc. (NASDAQ:SGRY)’s share price dropped 2.5% on Thursday . The company traded as low as $16.88 and last traded at $16.88, with a volume of 58,773 shares traded. The stock had previously closed at $17.31.

SGRY has been the subject of a number of research reports. KeyCorp initiated coverage on shares of Surgery Partners in a research report on Thursday, June 9th. They set an “overweight” rating and a $21.00 target price for the company. Zacks Investment Research lowered shares of Surgery Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Morgan Stanley restated a “hold” rating on shares of Surgery Partners in a research report on Friday, May 6th. Finally, Barclays PLC initiated coverage on shares of Surgery Partners in a research report on Wednesday. They issued an “equal weight” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $22.75.

The stock’s 50 day moving average is $16.03 and its 200 day moving average is $15.49. The company has a market capitalization of $816.69 million and a price-to-earnings ratio of 673.60.

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

Other hedge funds recently modified their holdings of the company. Sei Investments Co. bought a new stake in shares of Surgery Partners during the fourth quarter worth about $3,201,000. Wells Fargo & Company MN bought a new stake in shares of Surgery Partners during the fourth quarter worth about $14,025,000. Finally, Jennison Associates LLC bought a new stake in shares of Surgery Partners during the fourth quarter worth about $34,117,000.

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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