Surgery Partners, Inc. (SGRY) Holdings Boosted by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. boosted its holdings in Surgery Partners, Inc. (NASDAQ:SGRY) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,361 shares of the company’s stock after buying an additional 13,320 shares during the quarter. Kennedy Capital Management Inc. owned 0.65% of Surgery Partners worth $7,174,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bank of Montreal Can purchased a new position in Surgery Partners in the 1st quarter worth about $120,000. Atria Investments LLC raised its position in Surgery Partners by 2.3% in the 2nd quarter. Atria Investments LLC now owns 10,627 shares of the company’s stock worth $242,000 after buying an additional 238 shares during the last quarter. American International Group Inc. raised its position in Surgery Partners by 7.1% in the 1st quarter. American International Group Inc. now owns 11,462 shares of the company’s stock worth $224,000 after buying an additional 759 shares during the last quarter. Russell Investments Group Ltd. raised its position in Surgery Partners by 211.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,915 shares of the company’s stock worth $271,000 after buying an additional 8,089 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Surgery Partners in the 1st quarter worth about $244,000. 38.06% of the stock is owned by institutional investors and hedge funds.
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SGRY has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Surgery Partners from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. BidaskClub downgraded Surgery Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. restated a “buy” rating and set a $17.00 price target (down from $28.00) on shares of Surgery Partners in a research note on Friday, August 11th. Stifel Nicolaus downgraded Surgery Partners from a “hold” rating to a “sell” rating and cut their price target for the company from $21.00 to $17.00 in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “buy” rating and set a $16.00 price target (down from $22.00) on shares of Surgery Partners in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Surgery Partners presently has an average rating of “Hold” and an average target price of $19.33.
Shares of Surgery Partners, Inc. (NASDAQ:SGRY) opened at 9.50 on Tuesday. Surgery Partners, Inc. has a 1-year low of $8.52 and a 1-year high of $24.05. The firm’s 50 day moving average price is $13.63 and its 200-day moving average price is $18.86. The company has a market capitalization of $463.70 million, a P/E ratio of 62.50 and a beta of 2.02.
In other news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $19.00, for a total value of $502,657,369.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.50% 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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