PNC Financial Services Group Inc. Purchases 542 Shares of Surgery Partners, Inc. $SGRY

PNC Financial Services Group Inc. boosted its stake in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 86.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,169 shares of the company’s stock after purchasing an additional 542 shares during the period. PNC Financial Services Group Inc.’s holdings in Surgery Partners were worth $28,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in Surgery Partners during the first quarter valued at approximately $65,000. State of Wyoming boosted its position in Surgery Partners by 94.4% during the fourth quarter. State of Wyoming now owns 4,002 shares of the company’s stock valued at $85,000 after purchasing an additional 1,943 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted 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 purchasing an additional 465 shares during the last quarter. GAMMA Investing LLC boosted its position in Surgery Partners by 7,902.7% during the first quarter. GAMMA Investing LLC now owns 8,883 shares of the company’s stock valued at $211,000 after purchasing an additional 8,772 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Surgery Partners by 279.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,762 shares of the company’s stock valued at $228,000 after purchasing an additional 7,925 shares during the last quarter.

Insider Buying and Selling

In related news, Director Teresa Deluca sold 20,018 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $22.74, for a total transaction of $455,209.32. Following the transaction, the director directly owned 45,173 shares of the company’s stock, valued at approximately $1,027,234.02. This trade represents a 30.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SGRY shares. Barclays reduced their price target on Surgery Partners from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 27th. Bank of America began coverage on Surgery Partners in a research report on Monday, July 28th. They set a “buy” rating and a $28.00 price target for the company. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Surgery Partners Stock Performance

SGRY opened at $23.64 on Friday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -16.53 and a beta of 1.82. The company has a quick ratio of 1.78, a current ratio of 1.93 and a debt-to-equity ratio of 1.10. Surgery Partners, Inc. has a 12-month low of $18.87 and a 12-month high of $33.97. The business has a 50 day moving average of $22.13 and a 200-day moving average of $22.91.

Surgery Partners (NASDAQ:SGRY) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $826.20 million during the quarter, compared to the consensus estimate of $816.96 million. Surgery Partners had a positive return on equity of 2.51% and a negative net margin of 5.57%.The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, equities research analysts expect that Surgery Partners, Inc. will post 0.67 earnings per share 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.