BidaskClub cut shares of Surgery Partners, Inc. (NASDAQ:SGRY) from a hold rating to a sell rating in a research report released on Monday, July 24th.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Surgery Partners from a hold rating to a sell rating in a research report on Wednesday, May 10th. Stifel Nicolaus decreased their price objective on Surgery Partners from $19.00 to $18.00 and set a hold rating on the stock in a research report on Monday, April 24th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $20.67.
Shares of Surgery Partners (NASDAQ SGRY) opened at 9.15 on Monday. Surgery Partners has a one year low of $8.95 and a one year high of $24.05. The stock has a market cap of $446.62 million, a PE ratio of 60.20 and a beta of 1.71. The company’s 50-day moving average price is $18.39 and its 200-day moving average price is $19.89.
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A number of hedge funds have recently bought and sold shares of SGRY. Bank of Montreal Can bought a new stake in Surgery Partners during the first quarter worth $120,000. Atria Investments LLC acquired a new stake in shares of Surgery Partners during the first quarter valued at approximately $203,000. Voya Investment Management LLC acquired a new stake in shares of Surgery Partners during the second quarter valued at approximately $222,000. American International Group Inc. raised its stake in shares of Surgery Partners by 7.1% in the first quarter. American International Group Inc. now owns 11,462 shares of the company’s stock valued at $224,000 after buying an additional 759 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. acquired a new stake in shares of Surgery Partners during the first quarter valued at approximately $235,000. Institutional investors own 38.42% of the company’s stock.
About Surgery Partners
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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