Surgery Partners Inc. (NASDAQ:SGRY) saw strong trading volume on Friday . 203,438 shares changed hands during trading, an increase of 68% from the previous session’s volume of 121,058 shares.The stock last traded at $18.40 and had previously closed at $17.36.

A number of analysts recently commented on the company. Zacks Investment Research cut Surgery Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Barclays PLC assumed coverage on Surgery Partners in a research report on Wednesday, July 13th. They set an “equal weight” rating and a $20.00 price objective for the company. Jefferies Group reiterated a “buy” rating on shares of Surgery Partners in a research report on Wednesday. KeyCorp assumed coverage on Surgery Partners in a report on Thursday, June 9th. They issued an “overweight” rating and a $21.00 price target for the company. Finally, Morgan Stanley restated a “hold” rating on shares of Surgery Partners in a report on Friday, May 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.44.

The stock has a market cap of $892.34 million and a price-to-earnings ratio of 736.00. The firm’s 50-day moving average is $17.38 and its 200-day moving average is $15.35.

Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm earned $289.70 million during the quarter, compared to analyst estimates of $275.99 million. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, equities research analysts anticipate that Surgery Partners Inc. will post $0.54 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in SGRY. Wells Fargo & Company MN purchased a new stake in shares of Surgery Partners during the fourth quarter valued at $14,025,000. BlackRock Advisors LLC purchased a new stake in shares of Surgery Partners during the fourth quarter valued at $23,579,000. Finally, Jennison Associates LLC purchased a new stake in shares of Surgery Partners during the fourth quarter valued at $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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