Shares of Surgery Partners Inc. (NASDAQ:SGRY) were up 5.9% on Wednesday . The stock traded as high as $18.09 and last traded at $17.89, with a volume of 53,315 shares trading hands. The stock had previously closed at $16.90.

Several analysts recently weighed in on SGRY shares. Zacks Investment Research lowered Surgery Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Morgan Stanley reiterated a “hold” rating on shares of Surgery Partners in a research report on Friday, May 6th. KeyCorp assumed coverage on Surgery Partners in a research report on Thursday, June 9th. They issued an “overweight” rating and a $21.00 target price for the company. Finally, Barclays PLC assumed coverage on Surgery Partners in a research report on Wednesday, July 13th. They issued an “equal weight” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Surgery Partners presently has a consensus rating of “Buy” and an average price target of $22.44.

The stock has a 50-day moving average price of $16.34 and a 200 day moving average price of $15.39. The company has a market capitalization of $865.67 million and a P/E ratio of 714.00.

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

Other hedge funds recently bought and sold shares of the company. Sei Investments Co. bought a new stake in Surgery Partners during the fourth quarter valued at $3,201,000. Wells Fargo & Company MN acquired a new stake in shares of Surgery Partners during the fourth quarter valued at approximately $14,025,000. Finally, Jennison Associates LLC acquired a new stake in shares of 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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