Surgery Partners Inc (NASDAQ:SGRY) has been given a consensus recommendation of “Buy” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.67.
Several brokerages recently issued reports on SGRY. Zacks Investment Research raised shares of Surgery Partners from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded Surgery Partners from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. ValuEngine upgraded Surgery Partners from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Finally, UBS Group began coverage on Surgery Partners in a report on Thursday, November 15th. They issued a “neutral” rating and a $15.00 price target on the stock.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc lifted its stake in Surgery Partners by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 1,566,343 shares of the company’s stock valued at $25,845,000 after acquiring an additional 18,336 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Surgery Partners during the third quarter valued at about $378,000. Clearbridge Investments LLC lifted its position in shares of Surgery Partners by 4.6% during the third quarter. Clearbridge Investments LLC now owns 3,250,407 shares of the company’s stock valued at $53,632,000 after purchasing an additional 143,561 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Surgery Partners by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,566,343 shares of the company’s stock valued at $25,845,000 after purchasing an additional 18,336 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Surgery Partners by 7.5% during the third quarter. Teachers Advisors LLC now owns 71,698 shares of the company’s stock valued at $1,183,000 after purchasing an additional 5,001 shares in the last quarter. Institutional investors own 96.96% of the company’s stock.
Surgery Partners (NASDAQ:SGRY) last issued its quarterly earnings results on Wednesday, November 7th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). The firm had revenue of $443.90 million for the quarter, compared to the consensus estimate of $440.38 million. Surgery Partners had a negative net margin of 5.55% and a negative return on equity of 1.68%. The business’s revenue was up 44.9% compared to the same quarter last year. During the same period last year, the company posted ($0.02) EPS. As a group, research analysts anticipate that Surgery Partners will post -0.75 earnings per share for the current year.
About Surgery Partners
Surgery Partners, Inc, through its subsidiaries, operates surgical facilities in the United States. The company operates through three segments: Surgical Facility Services, Ancillary Services, and Optical 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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