Surgery Partners, Inc. (NASDAQ:SGRY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Saturday.

According to Zacks, “Surgery Partners, Inc. is a healthcare services company. The Company’s outpatient delivery model focused on providing solutions for surgical and related ancillary care in support of its patients and physicians. Its operating segment consists of Surgical Facility Services segment, Ancillary Services segment and Optical Services segment. Surgery Partners, Inc. is based in Nashville, Tennessee. “

A number of other equities research analysts have also recently issued reports on SGRY. Stifel Nicolaus lowered their target price on shares of Surgery Partners from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, April 24th. BidaskClub raised shares of Surgery Partners from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Surgery Partners in a report on Wednesday. Finally, Citigroup Inc. lowered their target price on shares of Surgery Partners from $28.00 to $17.00 and set a “buy” rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Surgery Partners presently has a consensus rating of “Hold” and a consensus target price of $20.67.

Surgery Partners (NASDAQ SGRY) opened at 11.10 on Friday. The firm has a market cap of $534.41 million, a P/E ratio of 73.03 and a beta of 1.71. Surgery Partners has a 52-week low of $9.20 and a 52-week high of $24.05. The stock has a 50 day moving average price of $20.32 and a 200 day moving average price of $20.21.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGRY. State Street Corp raised its position in Surgery Partners by 8.0% in the fourth quarter. State Street Corp now owns 268,021 shares of the company’s stock worth $4,251,000 after buying an additional 19,842 shares during the period. Teachers Advisors LLC raised its position in Surgery Partners by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 34,209 shares of the company’s stock worth $542,000 after buying an additional 6,364 shares during the period. Bank of Montreal Can purchased a new position in Surgery Partners during the first quarter worth approximately $120,000. Atria Investments LLC purchased a new position in Surgery Partners during the first quarter worth approximately $203,000. Finally, National Investment Services Inc. WI purchased a new position in Surgery Partners during the first quarter worth approximately $269,000. Hedge funds and other institutional investors own 39.36% 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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Analyst Recommendations for Surgery Partners (NASDAQ:SGRY)

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