BidaskClub upgraded shares of Surgery Partners (NASDAQ:SGRY) from a strong sell rating to a sell rating in a research report released on Tuesday morning.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp restated a hold rating on shares of Surgery Partners in a report on Tuesday, October 31st. Jefferies Group 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. Royal Bank of Canada restated a buy rating and issued a $18.00 price objective on shares of Surgery Partners in a report on Sunday, November 12th. Zacks Investment Research upgraded shares of Surgery Partners from a strong sell rating to a hold rating in a report on Wednesday, October 11th. Finally, ValuEngine cut shares of Surgery Partners from a hold rating to a sell rating in a report on Thursday, November 9th. 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 currently has a consensus rating of Hold and an average target price of $18.57.

Shares of Surgery Partners (NASDAQ SGRY) traded up $0.25 on Tuesday, reaching $9.75. 285,700 shares of the company’s stock were exchanged, compared to its average volume of 333,539. The stock has a market capitalization of $516.95 and a PE ratio of 63.33. The company has a current ratio of 2.09, a quick ratio of 1.92 and a debt-to-equity ratio of 1.56. Surgery Partners has a twelve month low of $7.10 and a twelve month high of $24.05.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in shares of Surgery Partners in the third quarter worth approximately $129,000. Round Table Services LLC bought a new position in shares of Surgery Partners in the third quarter worth approximately $138,000. Sterling Capital Management LLC bought a new position in shares of Surgery Partners in the third quarter worth approximately $210,000. Voya Investment Management LLC bought a new position in shares of Surgery Partners in the second quarter worth approximately $222,000. Finally, Royal Bank of Canada lifted its stake in shares of Surgery Partners by 680.5% in the second quarter. Royal Bank of Canada now owns 10,544 shares of the company’s stock worth $240,000 after buying an additional 9,193 shares in the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

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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.

Analyst Recommendations for Surgery Partners (NASDAQ:SGRY)

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