Surgery Partners Inc. (NASDAQ:SGRY) traded down 5.5% during mid-day trading on Tuesday . The company traded as low as $16.64 and last traded at $16.79, with a volume of 141,664 shares trading hands. The stock had previously closed at $17.76.

A number of equities research analysts have recently issued reports on the stock. Barclays PLC assumed coverage on shares of Surgery Partners in a report on Wednesday, July 13th. They set an “equal weight” rating and a $20.00 price target on the stock. Zacks Investment Research lowered shares of Surgery Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Morgan Stanley reaffirmed a “hold” rating on shares of Surgery Partners in a research report on Friday, May 6th. Finally, 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 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $22.44.

The company has a 50 day moving average of $17.14 and a 200-day moving average of $15.33. The firm has a market capitalization of $816.20 million and a P/E ratio of 673.20.

Surgery Partners (NASDAQ:SGRY) last issued 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 had revenue of $267.10 million for the quarter, compared to the consensus estimate of $255.06 million. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, analysts predict that Surgery Partners Inc. will post $0.54 EPS for the current fiscal year.

Other hedge funds and institutional investors have modified their holdings of the company. Wells Fargo & Company MN acquired a new position in shares of Surgery Partners during the fourth quarter valued at about $14,025,000. BlackRock Advisors LLC purchased a new stake in shares of Surgery Partners during the fourth quarter worth $23,579,000. Finally, Jennison Associates LLC purchased a new stake in shares of Surgery Partners during the fourth quarter worth $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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