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 traded. The stock had previously closed at $18.93.

SGRY has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating and set a $27.00 target price on shares of Surgery Partners in a research note on Wednesday, August 10th. Barclays PLC initiated coverage on Surgery Partners in a research note on Wednesday, July 13th. They set an “equal weight” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded Surgery Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Morgan Stanley restated a “hold” rating on shares of Surgery Partners in a research note on Friday, May 6th. Finally, KeyCorp initiated coverage on Surgery Partners in a research note on Thursday, June 9th. They set an “overweight” rating and a $21.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.44.

The stock has a market capitalization of $900.23 million and a P/E ratio of 100.27. The company has a 50 day moving average price of $17.75 and a 200 day moving average price of $15.48.

Surgery Partners (NASDAQ:SGRY) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $289.70 million for 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. Equities analysts forecast that Surgery Partners Inc. will post $0.64 earnings per share for the current year.

Several hedge funds recently made changes to their positions in SGRY. BlackRock Advisors LLC acquired a new position in Surgery Partners during the fourth quarter valued at approximately $23,579,000. Jennison Associates LLC acquired a new position in Surgery Partners during the fourth quarter valued at approximately $34,117,000. Finally, Wells Fargo & Company MN acquired a new position in Surgery Partners during the fourth quarter valued at approximately $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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