18,817 Shares in Surgery Partners, Inc. (NASDAQ:SGRY) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Surgery Partners, Inc. (NASDAQ:SGRY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,817 shares of the company’s stock, valued at approximately $447,000.

Other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. increased its position in Surgery Partners by 12.1% in the 4th 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 period. Mackenzie Financial Corp increased its position in Surgery Partners by 2.8% during the 4th 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 period. Wells Fargo & Company MN increased its position in Surgery Partners by 1.4% during the 4th quarter. Wells Fargo & Company MN now owns 56,931 shares of the company’s stock worth $1,205,000 after purchasing an additional 783 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Surgery Partners by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,678 shares of the company’s stock worth $925,000 after purchasing an additional 1,640 shares during the period. Finally, State of Wyoming increased its position in Surgery Partners by 94.4% during the 4th quarter. State of Wyoming now owns 4,002 shares of the company’s stock worth $85,000 after purchasing an additional 1,943 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays reduced their target price on Surgery Partners from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 27th. Benchmark reaffirmed a “buy” rating and issued a $35.00 target price on shares of Surgery Partners in a research note on Monday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $35.00 price target on shares of Surgery Partners in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.56.

Surgery Partners Stock Down 0.1%

SGRY stock opened at $22.62 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.89 and a quick ratio of 1.73. Surgery Partners, Inc. has a 52-week low of $18.87 and a 52-week high of $33.97. The company has a 50-day moving average of $22.43 and a two-hundred day moving average of $22.78. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of -14.78 and a beta of 1.90.

Surgery Partners (NASDAQ:SGRY) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $777.77 million. Surgery Partners had a positive return on equity of 2.41% and a negative net margin of 6.10%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, equities research analysts anticipate that Surgery Partners, Inc. 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.