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

A number of equities analysts have recently commented on SGRY shares. KeyCorp started coverage on shares of Surgery Partners in a report on Thursday, June 9th. They issued an “overweight” rating and a $21.00 target price on the stock. Zacks Investment Research cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Morgan Stanley reaffirmed a “hold” rating on shares of Surgery Partners in a report on Friday, May 6th. Finally, Barclays PLC started coverage on shares of Surgery Partners in a report on Wednesday. They issued an “equal weight” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Surgery Partners presently has an average rating of “Buy” and an average price target of $22.44.

The stock’s 50-day moving average is $16.12 and its 200 day moving average is $15.46. The stock has a market cap of $819.60 million and a P/E ratio of 676.00.

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

Other institutional investors have added to or reduced their stakes in the company. Sei Investments Co. acquired a new position in Surgery Partners during the fourth quarter valued at approximately $3,201,000. Wells Fargo & Company MN acquired a new position in Surgery Partners during the fourth quarter valued at approximately $14,025,000. Finally, Jennison Associates LLC acquired a new position in Surgery Partners during the fourth quarter valued at approximately $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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