Investors Purchase Large Volume of Surgery Partners Put Options (NASDAQ:SGRY)

Surgery Partners, Inc. (NASDAQ:SGRY) was the target of unusually large options trading activity on Friday. Traders bought 20,755 put options on the stock. This represents an increase of 1,445% compared to the typical daily volume of 1,343 put options.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SGRY. Barclays lowered their price objective on shares of Surgery Partners from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 27th. Macquarie lowered their price objective on shares of Surgery Partners from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Benchmark reiterated a “buy” rating and issued a $35.00 price objective on shares of Surgery Partners in a research note on Monday, April 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Surgery Partners in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.56.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its position in Surgery Partners by 12.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,296 shares of the company’s stock valued at $91,000 after acquiring an additional 465 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Surgery Partners by 86.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,169 shares of the company’s stock worth $28,000 after purchasing an additional 542 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Surgery Partners by 112.0% in the first quarter. AlphaQuest LLC now owns 1,058 shares of the company’s stock worth $25,000 after purchasing an additional 559 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Surgery Partners by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 21,974 shares of the company’s stock worth $465,000 after purchasing an additional 599 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Surgery Partners by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 56,931 shares of the company’s stock worth $1,205,000 after acquiring an additional 783 shares during the period.

Surgery Partners Price Performance

SGRY opened at $19.30 on Friday. The firm has a market cap of $2.47 billion, a P/E ratio of -12.61 and a beta of 1.93. The firm has a 50-day moving average of $22.36 and a 200 day moving average of $22.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 1.89. Surgery Partners has a fifty-two week low of $18.87 and a fifty-two week high of $33.97.

Surgery Partners (NASDAQ:SGRY) last released its quarterly earnings data on Monday, May 12th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $777.77 million. Surgery Partners had a negative net margin of 6.10% and a positive return on equity of 2.41%. Surgery Partners’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts expect that Surgery Partners will post 0.67 EPS for the current year.

Surgery Partners Company Profile

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.