BidaskClub upgraded shares of Surgery Partners (NASDAQ:SGRY) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other equities analysts also recently weighed in on SGRY. Bank of America dropped their price target on shares of Surgery Partners from $23.00 to $19.00 and set a buy rating on the stock in a research note on Monday, October 9th. KeyCorp reaffirmed a hold rating on shares of Surgery Partners in a research note on Friday, September 22nd. Jefferies Group reaffirmed a buy rating and issued a $16.00 price target (down from $22.00) on shares of Surgery Partners in a research note on Friday, September 8th. Zacks Investment Research raised shares of Surgery Partners from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $18.00 price target on shares of Surgery Partners in a research note on Sunday, November 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $18.57.

Shares of Surgery Partners (NASDAQ:SGRY) opened at $12.10 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.92 and a current ratio of 2.09. Surgery Partners has a one year low of $7.10 and a one year high of $24.05. The stock has a market cap of $590.10, a price-to-earnings ratio of 80.67 and a beta of 1.89.

Surgery Partners announced that its board has initiated a share buyback plan on Friday, December 15th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in SGRY. Teachers Advisors LLC boosted its holdings in Surgery Partners by 4.5% during the first quarter. Teachers Advisors LLC now owns 35,753 shares of the company’s stock valued at $697,000 after acquiring an additional 1,544 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Surgery Partners by 211.4% in the second quarter. Russell Investments Group Ltd. now owns 11,915 shares of the company’s stock valued at $271,000 after buying an additional 8,089 shares during the period. Strs Ohio lifted its stake in shares of Surgery Partners by 51.1% in the second quarter. Strs Ohio now owns 20,400 shares of the company’s stock valued at $464,000 after buying an additional 6,900 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Surgery Partners by 14.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,721 shares of the company’s stock valued at $1,723,000 after buying an additional 9,656 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Surgery Partners by 284.3% in the second quarter. First Trust Advisors LP now owns 118,232 shares of the company’s stock valued at $2,690,000 after buying an additional 87,464 shares during the period. Institutional investors own 94.16% of the company’s stock.

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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.

Analyst Recommendations for Surgery Partners (NASDAQ:SGRY)

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