Inspire Investing LLC Boosts Holdings in Surgery Partners, Inc. (NASDAQ:SGRY)

Inspire Investing LLC increased its holdings in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 47.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,034 shares of the company’s stock after buying an additional 6,131 shares during the period. Inspire Investing LLC’s holdings in Surgery Partners were worth $403,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. King Street Capital Management L.P. purchased a new stake in Surgery Partners during the 3rd quarter valued at about $46,748,000. Janus Henderson Group PLC boosted its position in shares of Surgery Partners by 27.5% during the third quarter. Janus Henderson Group PLC now owns 5,497,368 shares of the company’s stock worth $177,235,000 after buying an additional 1,184,450 shares during the period. Victory Capital Management Inc. grew its position in Surgery Partners by 140.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,330,399 shares of the company’s stock valued at $42,892,000 after acquiring an additional 777,038 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Surgery Partners by 26.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,801,091 shares of the company’s stock worth $66,643,000 after buying an additional 589,499 shares during the period. Finally, FMR LLC boosted its holdings in Surgery Partners by 3.1% in the third quarter. FMR LLC now owns 18,311,867 shares of the company’s stock valued at $590,375,000 after purchasing an additional 546,869 shares during the period.

Surgery Partners Price Performance

SGRY stock opened at $20.32 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.80. Surgery Partners, Inc. has a 1 year low of $19.50 and a 1 year high of $35.29. The stock’s 50 day moving average price is $21.40 and its 200 day moving average price is $27.10. The firm has a market cap of $2.58 billion, a P/E ratio of -42.33, a PEG ratio of 14.10 and a beta of 2.58.

Surgery Partners (NASDAQ:SGRY) last announced its earnings results on Tuesday, November 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The firm had revenue of $770.40 million for the quarter, compared to analyst estimates of $768.99 million. Surgery Partners had a positive return on equity of 2.85% and a negative net margin of 2.03%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, sell-side analysts expect that Surgery Partners, Inc. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SGRY has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Surgery Partners from $49.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $43.00 target price on shares of Surgery Partners in a report on Friday, October 4th. UBS Group initiated coverage on Surgery Partners in a research note on Monday, October 14th. They set a “buy” rating and a $38.00 price objective for the company. Bank of America started coverage on shares of Surgery Partners in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Macquarie restated an “outperform” rating and issued a $34.00 price target on shares of Surgery Partners in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.56.

Surgery Partners Company Profile

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.