Royal Bank Of Canada Reaffirms “Buy” Rating for Surgery Partners, Inc. (SGRY)
Several other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Surgery Partners from a hold rating to a sell rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Surgery Partners from a hold rating to a strong sell rating in a report on Saturday, November 4th. Jefferies Group LLC cut their price objective on shares of Surgery Partners from $16.00 to $13.00 and set a buy rating on the stock in a report on Wednesday, November 1st. KeyCorp restated a hold rating on shares of Surgery Partners in a report on Tuesday, October 31st. Finally, Bank of America Corporation lowered shares of Surgery Partners from a buy rating to a neutral rating and set a $19.00 price objective on the stock. in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $18.57.
Surgery Partners (NASDAQ:SGRY) opened at $8.30 on Friday. Surgery Partners has a twelve month low of $7.10 and a twelve month high of $24.05. The firm has a market cap of $436.49 and a P/E ratio of 63.00. The company has a quick ratio of 1.92, a current ratio of 2.09 and a debt-to-equity ratio of 1.56.
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In other Surgery Partners news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $19.00, for a total value of $502,657,369.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 7.60% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Atria Investments LLC raised its holdings in shares of Surgery Partners by 2.3% during the second quarter. Atria Investments LLC now owns 10,627 shares of the company’s stock worth $242,000 after acquiring an additional 238 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Surgery Partners by 1.1% during the second quarter. Alliancebernstein L.P. now owns 28,400 shares of the company’s stock worth $646,000 after acquiring an additional 300 shares during the period. Campbell Newman Asset Management Inc. raised its holdings in shares of Surgery Partners by 4.9% during the second quarter. Campbell Newman Asset Management Inc. now owns 12,649 shares of the company’s stock worth $288,000 after acquiring an additional 586 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Surgery Partners by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 229,575 shares of the company’s stock worth $5,223,000 after acquiring an additional 605 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Surgery Partners by 2.5% during the first quarter. Parametric Portfolio Associates LLC now owns 28,172 shares of the company’s stock worth $549,000 after acquiring an additional 689 shares during the period. Institutional investors and hedge funds own 37.13% of the company’s stock.
Surgery Partners Company Profile
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.
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