Investment Analysts’ Recent Ratings Changes for Surgery Partners (SGRY)

Several analysts have recently updated their ratings and price targets for Surgery Partners (NASDAQ: SGRY):

  • 10/16/2019 – Surgery Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/9/2019 – Surgery Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Surgery Partners, Inc. is a healthcare services company. The Company’s outpatient delivery model focused on providing solutions for surgical and related ancillary care in support of its patients and physicians. Its operating segment consists of Surgical Facility Services segment, Ancillary Services segment and Optical Services segment. Surgery Partners, Inc. is based in Nashville, Tennessee. “
  • 10/8/2019 – Surgery Partners was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/2/2019 – Surgery Partners was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/12/2019 – Surgery Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/24/2019 – Surgery Partners was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

SGRY stock traded up $0.04 during trading on Friday, hitting $7.86. The company had a trading volume of 356,700 shares, compared to its average volume of 319,317. The firm has a market capitalization of $371.57 million, a P/E ratio of -3.21 and a beta of 2.34. Surgery Partners Inc has a 52-week low of $5.38 and a 52-week high of $15.34. The company has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $8.44. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 2.29.

Surgery Partners (NASDAQ:SGRY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.13). The company had revenue of $445.40 million during the quarter, compared to analysts’ expectations of $450.89 million. Surgery Partners had a negative return on equity of 4.65% and a negative net margin of 11.61%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.57) EPS. Sell-side analysts forecast that Surgery Partners Inc will post -0.97 earnings per share for the current year.

In other news, COO Jason Eric Evans purchased 25,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $148,750.00. Following the acquisition, the chief operating officer now owns 111,655 shares of the company’s stock, valued at $664,347.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in SGRY. Royal Bank of Canada lifted its stake in Surgery Partners by 64.3% during the 2nd quarter. Royal Bank of Canada now owns 5,750 shares of the company’s stock valued at $47,000 after acquiring an additional 2,250 shares during the period. Jefferies Group LLC lifted its stake in Surgery Partners by 22.4% during the 2nd quarter. Jefferies Group LLC now owns 19,071 shares of the company’s stock valued at $155,000 after acquiring an additional 3,490 shares during the period. Bank of New York Mellon Corp lifted its stake in Surgery Partners by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 92,208 shares of the company’s stock valued at $751,000 after acquiring an additional 5,526 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Surgery Partners during the 2nd quarter valued at approximately $57,000. Finally, Swiss National Bank lifted its stake in Surgery Partners by 42.7% during the 2nd quarter. Swiss National Bank now owns 36,400 shares of the company’s stock valued at $296,000 after acquiring an additional 10,900 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.

Surgery Partners, Inc, through its subsidiaries, owns and operates a network of surgical facilities and related services 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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