Surgery Partners, Inc. (NASDAQ:SGRY) Receives Average Rating of “Hold” from Analysts

Surgery Partners, Inc. (NASDAQ:SGRYGet Rating) has been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.88.

A number of equities analysts have recently issued reports on SGRY shares. Benchmark increased their price objective on shares of Surgery Partners from $65.00 to $72.00 in a research note on Wednesday, May 4th. Citigroup increased their price objective on shares of Surgery Partners from $61.00 to $64.00 in a research note on Wednesday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of Surgery Partners from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, March 2nd. StockNews.com cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Zacks Investment Research cut shares of Surgery Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 2nd.

NASDAQ:SGRY opened at $51.62 on Monday. The firm has a market cap of $4.64 billion, a PE ratio of -97.40, a P/E/G ratio of 4.66 and a beta of 2.76. Surgery Partners has a one year low of $37.63 and a one year high of $69.58. The firm’s fifty day moving average is $53.83. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 1.50.

Surgery Partners (NASDAQ:SGRYGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Surgery Partners had a negative net margin of 1.63% and a negative return on equity of 0.46%. During the same quarter in the previous year, the company posted ($0.40) earnings per share. On average, research analysts forecast that Surgery Partners will post 0.31 EPS for the current fiscal year.

In other Surgery Partners news, Chairman Wayne S. Deveydt sold 966 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $55.11, for a total transaction of $53,236.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David T. Doherty sold 2,221 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $50.48, for a total transaction of $112,116.08. The disclosure for this sale can be found here. Insiders have sold a total of 116,220 shares of company stock valued at $6,300,372 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. WCM Investment Management LLC grew its holdings in Surgery Partners by 10.5% during the 1st quarter. WCM Investment Management LLC now owns 279,068 shares of the company’s stock worth $15,363,000 after acquiring an additional 26,444 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Surgery Partners by 10.7% in the 1st quarter. New York State Common Retirement Fund now owns 25,309 shares of the company’s stock valued at $1,393,000 after purchasing an additional 2,450 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Surgery Partners by 1,468.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 13,507 shares of the company’s stock valued at $1,225,000 after purchasing an additional 12,646 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Surgery Partners by 19.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,815 shares of the company’s stock valued at $650,000 after purchasing an additional 1,962 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Surgery Partners by 7.7% in the 1st quarter. Arizona State Retirement System now owns 9,562 shares of the company’s stock valued at $526,000 after purchasing an additional 682 shares during the last quarter.

About Surgery Partners (Get Rating)

Surgery Partners, Inc, through its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company operates through two segments, Surgical Facility Services and Ancillary 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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Analyst Recommendations for Surgery Partners (NASDAQ:SGRY)

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