California State Teachers Retirement System Increases Position in Surgery Partners Inc. (SGRY)
California State Teachers Retirement System increased its stake in shares of Surgery Partners Inc. (NASDAQ:SGRY) by 16.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,033 shares of the company’s stock after buying an additional 5,468 shares during the period. California State Teachers Retirement System owned 0.08% of Surgery Partners worth $699,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in Surgery Partners by 3.9% in the first quarter. Royal Bank of Canada now owns 9,634 shares of the company’s stock worth $129,000 after buying an additional 366 shares during the period. BlackRock Inc. boosted its position in Surgery Partners by 3.8% in the first quarter. BlackRock Inc. now owns 17,116 shares of the company’s stock worth $227,000 after buying an additional 632 shares during the period. Geode Capital Management LLC boosted its position in Surgery Partners by 1.5% in the first quarter. Geode Capital Management LLC now owns 140,338 shares of the company’s stock worth $1,860,000 after buying an additional 2,103 shares during the period. Bellevue Group AG purchased a new position in Surgery Partners during the first quarter worth about $133,000. Finally, Bank of New York Mellon Corp boosted its position in Surgery Partners by 45.0% in the second quarter. Bank of New York Mellon Corp now owns 72,605 shares of the company’s stock worth $1,300,000 after buying an additional 22,540 shares during the period. Institutional investors and hedge funds own 38.32% of the company’s stock.
Surgery Partners Inc. (NASDAQ:SGRY) traded down 1.14% during mid-day trading on Monday, reaching $20.01. 58,308 shares of the company’s stock were exchanged. Surgery Partners Inc. has a 12 month low of $11.76 and a 12 month high of $22.32. The firm has a market cap of $971.09 million and a price-to-earnings ratio of 108.16. The stock has a 50-day moving average of $19.15 and a 200-day moving average of $16.44.
Surgery Partners (NASDAQ:SGRY) last announced its earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Surgery Partners had a net margin of 2.63% and a return on equity of 18.80%. The firm had revenue of $289.70 million for the quarter, compared to analyst estimates of $275.99 million. The company’s revenue was up 24.4% on a year-over-year basis. Analysts anticipate that Surgery Partners Inc. will post $0.63 earnings per share for the current year.
A number of research firms have recently issued reports on SGRY. Zacks Investment Research cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Barclays PLC began coverage on shares of Surgery Partners in a research note on Wednesday, July 13th. They issued an “equal weight” rating and a $20.00 target price for the company. Jefferies Group reiterated a “buy” rating and issued a $27.00 target price on shares of Surgery Partners in a research note on Wednesday, August 10th. Finally, KeyCorp began coverage on shares of Surgery Partners in a research note on Thursday, June 9th. They issued an “overweight” rating and a $21.00 target price for the company. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.44.
In other news, VP Jennifer Baldock sold 2,500 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,286,073.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.10% 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.
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