Surgery Partners Inc. (NASDAQ:SGRY) shares dropped 1.4% on Tuesday . The stock traded as low as $18.48 and last traded at $18.66, with a volume of 85,160 shares. The stock had previously closed at $18.93.

SGRY has been the topic of several recent analyst reports. Morgan Stanley reaffirmed a “hold” rating on shares of Surgery Partners in a research report on Friday, May 6th. Zacks Investment Research raised Surgery Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Barclays PLC initiated coverage on Surgery Partners in a research report on Wednesday, July 13th. They set an “equal weight” rating and a $20.00 price target on the stock. Jefferies Group reaffirmed a “buy” rating and set a $27.00 price target on shares of Surgery Partners in a research report on Wednesday, August 10th. Finally, KeyCorp initiated coverage on Surgery Partners in a research report on Thursday, June 9th. They set an “overweight” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.44.

The stock’s 50 day moving average is $17.71 and its 200-day moving average is $15.46. The stock has a market capitalization of $910.42 million and a price-to-earnings ratio of 101.41.

Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm earned $289.70 million during the quarter, compared to the consensus estimate of $275.99 million. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. Analysts predict that Surgery Partners Inc. will post $0.64 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in the company. Jennison Associates LLC purchased a new position in shares of Surgery Partners during the fourth quarter valued at about $34,117,000. BlackRock Advisors LLC purchased a new position in shares of Surgery Partners during the fourth quarter valued at about $23,579,000. Finally, Wells Fargo & Company MN purchased a new position in shares of Surgery Partners during the fourth quarter valued at about $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.