Surgery Partners, Inc. $SGRY Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its stake in Surgery Partners, Inc. (NASDAQ:SGRY) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 739,815 shares of the company’s stock after selling 21,975 shares during the period. Northern Trust Corp owned approximately 0.58% of Surgery Partners worth $17,571,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SGRY. PNC Financial Services Group Inc. increased its position in shares of Surgery Partners by 86.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,169 shares of the company’s stock valued at $28,000 after acquiring an additional 542 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Surgery Partners in the 1st quarter valued at approximately $31,000. DekaBank Deutsche Girozentrale purchased a new stake in Surgery Partners in the first quarter valued at approximately $65,000. State of Wyoming grew its stake in shares of Surgery Partners by 94.4% in the fourth quarter. State of Wyoming now owns 4,002 shares of the company’s stock valued at $85,000 after buying an additional 1,943 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Surgery Partners by 12.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,296 shares of the company’s stock valued at $91,000 after buying an additional 465 shares in the last quarter.

Insiders Place Their Bets

In other Surgery Partners news, Director Teresa Deluca sold 20,018 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $22.74, for a total value of $455,209.32. Following the sale, the director directly owned 45,173 shares in the company, valued at $1,027,234.02. This trade represents a 30.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Surgery Partners Stock Down 0.5%

Shares of NASDAQ:SGRY opened at $22.58 on Wednesday. Surgery Partners, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $33.90. The firm’s 50 day moving average price is $22.44 and its 200 day moving average price is $22.75. The company has a quick ratio of 1.78, a current ratio of 1.93 and a debt-to-equity ratio of 1.10. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -15.79 and a beta of 1.76.

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