Surgery Partners (NASDAQ:SGRY) Trading 5.6% Higher

Surgery Partners, Inc. (NASDAQ:SGRYGet Rating) shares traded up 5.6% during mid-day trading on Friday . The stock traded as high as $30.69 and last traded at $30.55. 16,911 shares were traded during trading, a decline of 96% from the average session volume of 477,293 shares. The stock had previously closed at $28.92.

Several equities research analysts have weighed in on the company. StockNews.com lowered Surgery Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. Benchmark increased their price target on Surgery Partners from $65.00 to $72.00 in a research report on Wednesday, May 4th. Citigroup raised their price objective on Surgery Partners from $61.00 to $64.00 in a research report on Wednesday, May 4th. Finally, Bank of America downgraded Surgery Partners from a “buy” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $36.00 in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $59.00.

The business has a fifty day moving average of $40.13 and a 200 day moving average of $46.96. The firm has a market cap of $2.71 billion, a P/E ratio of -54.57, a P/E/G ratio of 8.50 and a beta of 2.77. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.50.

Surgery Partners (NASDAQ:SGRYGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Surgery Partners had a negative return on equity of 0.46% and a negative net margin of 1.63%. The firm had revenue of $596.20 million for the quarter, compared to analyst estimates of $579.58 million. During the same period in the prior year, the company earned ($0.40) earnings per share. On average, sell-side analysts expect that Surgery Partners, Inc. will post 0.1 EPS for the current fiscal year.

In related news, insider George Goodwin sold 13,598 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $40.03, for a total transaction of $544,327.94. Following the sale, the insider now owns 44,392 shares of the company’s stock, valued at $1,777,011.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 51,905 shares of company stock worth $2,650,953 in the last three months. 3.30% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Signaturefd LLC acquired a new stake in shares of Surgery Partners in the 4th quarter valued at $63,000. PNC Financial Services Group Inc. boosted its holdings in shares of Surgery Partners by 34.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,195 shares of the company’s stock valued at $66,000 after purchasing an additional 308 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Surgery Partners by 444.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the company’s stock valued at $84,000 after purchasing an additional 1,600 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Surgery Partners in the 4th quarter valued at $92,000. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Surgery Partners during the 3rd quarter valued at $203,000.

Surgery Partners Company Profile (NASDAQ:SGRY)

Surgery Partners, Inc, through its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company operates through two segments, Surgical Facility Services and Ancillary Services. Its surgical facilities comprise ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including gastroenterology, general surgery, ophthalmology, orthopedics, and pain management.

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