Surgery Partners Inc. (SGRY) Sees Large Volume Increase
Surgery Partners Inc. (NASDAQ:SGRY) saw an uptick in trading volume on Friday . 140,021 shares traded hands during mid-day 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.
Several brokerages have issued reports on SGRY. KeyCorp began coverage on shares of Surgery Partners in a report on Thursday, June 9th. They issued an “overweight” rating and a $21.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $27.00 target price on shares of Surgery Partners in a report on Wednesday, August 10th. Zacks Investment Research cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Finally, Barclays PLC initiated coverage on shares of Surgery Partners in a report on Wednesday, July 13th. They issued an “equal weight” rating and a $20.00 target price for the company. Four 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 company’s stock. Surgery Partners currently has a consensus rating of “Buy” and an average target price of $22.44.
The company has a market capitalization of $972.54 million and a PE ratio of 108.32. The firm’s 50-day moving average is $18.04 and its 200-day moving average is $15.67.
Surgery Partners (NASDAQ:SGRY) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ 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. The firm’s revenue was up 24.4% on a year-over-year basis. Equities analysts anticipate that Surgery Partners Inc. will post $0.64 EPS for the current fiscal year.
In related news, VP Jennifer Baldock sold 2,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,286,073.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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