Surgery Partners Inc. (SGRY) Sees Strong Trading Volume
Surgery Partners Inc. (NASDAQ:SGRY) shares saw an uptick in trading volume on Friday . 140,021 shares were traded during trading, a decline of 3% from the previous session’s volume of 144,754 shares.The stock last traded at $19.80 and had previously closed at $19.13.
A number of research firms have commented on SGRY. Zacks Investment Research upgraded Surgery Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Jefferies Group restated a “buy” rating and set a $27.00 price target on shares of Surgery Partners in a research note on Wednesday, August 10th. Barclays PLC began coverage on Surgery Partners in a research note on Wednesday, July 13th. They set an “equal weight” rating and a $20.00 price target on the stock. KeyCorp began coverage on Surgery Partners in a research note on Thursday, June 9th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, Morgan Stanley restated a “hold” rating on shares of Surgery Partners in a research note on Friday, May 6th. Four equities research 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.44.
The company’s 50-day moving average is $18.04 and its 200-day moving average is $15.67. The firm has a market cap of $972.54 million and a PE ratio of 108.32.
Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The company earned $289.70 million during the quarter, compared to analyst estimates of $275.99 million. The company’s revenue was up 24.4% on a year-over-year basis. On average, equities research analysts expect that Surgery Partners Inc. will post $0.64 EPS for the current fiscal year.
In other Surgery Partners news, VP Jennifer Baldock sold 2,500 shares of Surgery Partners stock in a transaction on Monday, August 29th. The shares were sold at an average price of $19.20, for a total value of $48,000.00. Following the transaction, the vice president now owns 66,983 shares in the company, valued at approximately $1,286,073.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A hedge fund recently bought a new stake in Surgery Partners stock. BlackRock Advisors LLC purchased a new position in shares of Surgery Partners Inc. (NASDAQ:SGRY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,150,762 shares of the company’s stock, valued at approximately $23,579,000. BlackRock Advisors LLC owned about 2.39% of Surgery Partners at the end of the most recent quarter.
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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