Alliancebernstein L.P. Continues to Hold Stake in Surgery Partners, Inc. (NASDAQ:SGRY)
Alliancebernstein L.P. held its position in shares of Surgery Partners, Inc. (NASDAQ:SGRY) during the first quarter, Holdings Channel reports. The institutional investor owned 28,100 shares of the company’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in Surgery Partners were worth $548,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of SGRY. NN Investment Partners Holdings N.V. purchased a new position in shares of Surgery Partners during the first quarter worth $19,336,000. AMI Asset Management Corp purchased a new position in shares of Surgery Partners during the first quarter worth $8,441,000. Ameriprise Financial Inc. raised its position in shares of Surgery Partners by 404.9% in the first quarter. Ameriprise Financial Inc. now owns 228,970 shares of the company’s stock worth $4,465,000 after buying an additional 183,620 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Surgery Partners by 26.3% in the first quarter. Wells Fargo & Company MN now owns 397,454 shares of the company’s stock worth $7,750,000 after buying an additional 82,871 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Surgery Partners during the first quarter worth $600,000. 39.36% of the stock is currently owned by institutional investors.
Shares of Surgery Partners, Inc. (NASDAQ:SGRY) opened at 18.95 on Tuesday. The company has a 50-day moving average price of $21.73 and a 200-day moving average price of $20.36. Surgery Partners, Inc. has a 52-week low of $13.60 and a 52-week high of $24.05. The stock has a market capitalization of $925.10 million, a price-to-earnings ratio of 65.57 and a beta of 1.71.
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A number of equities research analysts recently commented on SGRY shares. Zacks Investment Research lowered Surgery Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. BidaskClub raised Surgery Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus lowered their price target on Surgery Partners from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.60.
Surgery Partners Company Profile
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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