Shares of Surgery Partners Inc. (NASDAQ:SGRY) traded down 3.4% during trading on Tuesday . The stock traded as low as $18.43 and last traded at $18.44, with a volume of 68,604 shares traded. The stock had previously closed at $19.09.

Several analysts have recently commented on the company. Zacks Investment Research raised Surgery Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Jefferies Group reaffirmed a “buy” rating and issued a $27.00 target price on shares of Surgery Partners in a research report on Wednesday, August 10th. Barclays PLC assumed coverage on Surgery Partners in a research report on Wednesday, July 13th. They issued an “equal weight” rating and a $20.00 target price for the company. Finally, KeyCorp assumed coverage on Surgery Partners in a research report on Thursday, June 9th. They issued an “overweight” rating and a $21.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $22.44.

The company has a market cap of $912.36 million and a P/E ratio of 101.62. The firm’s 50-day moving average is $18.48 and its 200-day moving average is $16.13.

Surgery Partners (NASDAQ:SGRY) last issued its earnings results on Tuesday, August 9th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company earned $289.70 million during the quarter, compared to analysts’ expectations of $275.99 million. Surgery Partners had a net margin of 2.63% and a return on equity of 18.80%. The business’s revenue was up 24.4% compared to the same quarter last year. Equities research analysts anticipate that Surgery Partners Inc. will post $0.64 EPS for the current year.

In other Surgery Partners news, VP Jennifer Baldock sold 2,500 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $19.20, for a total transaction of $48,000.00. Following the completion of the sale, the vice president now owns 66,983 shares in the company, valued at approximately $1,286,073.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its stake in shares of Surgery Partners by 914.3% in the second quarter. Acrospire Investment Management LLC now owns 7,100 shares of the company’s stock valued at $127,000 after buying an additional 6,400 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Surgery Partners by 3.9% in the first quarter. Royal Bank of Canada now owns 9,634 shares of the company’s stock valued at $129,000 after buying an additional 366 shares during the last quarter. Bellevue Group AG acquired a new stake in shares of Surgery Partners during the first quarter valued at approximately $133,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Surgery Partners during the second quarter valued at approximately $181,000. Finally, American International Group Inc. boosted its stake in shares of Surgery Partners by 19.7% in the second quarter. American International Group Inc. now owns 10,716 shares of the company’s stock valued at $192,000 after buying an additional 1,766 shares during the last quarter. Institutional investors own 38.32% of the company’s stock.

About Surgery Partners

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.

5 Day Chart for NASDAQ:SGRY

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