Surgery Partners Inc. (NASDAQ:SGRY)’s share price traded down 2.2% on Thursday . The stock traded as low as $15.94 and last traded at $16.47, with a volume of 95,408 shares changing hands. The stock had previously closed at $16.84.

Several equities analysts have weighed in on the company. Morgan Stanley reaffirmed a “hold” rating on shares of Surgery Partners in a research report on Friday, May 6th. Jefferies Group reaffirmed a “buy” rating on shares of Surgery Partners in a research report on Wednesday. Zacks Investment Research cut Surgery Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. KeyCorp started coverage on Surgery Partners in a research note on Thursday, June 9th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Barclays PLC started coverage on Surgery Partners in a research note on Wednesday, July 13th. They issued an “equal weight” rating and a $20.00 price objective for the company. Four research 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. Surgery Partners has a consensus rating of “Buy” and a consensus price target of $22.44.

The firm has a 50 day moving average of $17.38 and a 200-day moving average of $15.35. The firm has a market capitalization of $892.34 million and a PE ratio of 736.00.

Surgery Partners (NASDAQ:SGRY) last released its earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business had revenue of $289.70 million for the quarter, compared to analysts’ expectations of $275.99 million. The company’s revenue was up 24.4% compared to the same quarter last year. On average, equities analysts forecast that Surgery Partners Inc. will post $0.54 EPS for the current year.

A number of institutional investors have added to or reduced their stakes in SGRY. Jennison Associates LLC acquired a new position in Surgery Partners during the fourth quarter valued at $34,117,000. BlackRock Advisors LLC acquired a new position in Surgery Partners during the fourth quarter valued at $23,579,000. Finally, Wells Fargo & Company MN acquired a new position in Surgery Partners during the fourth quarter valued at $14,025,000.

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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