Surgery Partners, Inc. (SGRY) Given Consensus Recommendation of “Hold” by Analysts
Surgery Partners, Inc. (NASDAQ:SGRY) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.83.
SGRY has been the subject of a number of recent research reports. Bank of America Corporation decreased their target price on Surgery Partners from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Monday. Zacks Investment Research downgraded Surgery Partners from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price target (down from $22.00) on shares of Surgery Partners in a research report on Friday, September 8th. BidaskClub cut Surgery Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $17.00 price target (down from $28.00) on shares of Surgery Partners in a research report on Friday, August 11th.
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Shares of Surgery Partners (SGRY) opened at 9.35 on Thursday. The company has a 50-day moving average price of $9.88 and a 200 day moving average price of $17.11. Surgery Partners has a 1-year low of $8.52 and a 1-year high of $24.05. The company has a market capitalization of $456.38 million, a P/E ratio of 61.51 and a beta of 2.05.
In other news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of Surgery Partners stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $19.00, for a total value of $502,657,369.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.50% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new stake in Surgery Partners during the second quarter valued at $222,000. American International Group Inc. boosted its stake in Surgery Partners by 7.1% during the first quarter. American International Group Inc. now owns 11,462 shares of the company’s stock valued at $224,000 after buying an additional 759 shares during the period. Royal Bank of Canada boosted its stake in Surgery Partners by 680.5% during the second quarter. Royal Bank of Canada now owns 10,544 shares of the company’s stock valued at $240,000 after buying an additional 9,193 shares during the period. Atria Investments LLC boosted its stake in Surgery Partners by 2.3% during the second quarter. Atria Investments LLC now owns 10,627 shares of the company’s stock valued at $242,000 after buying an additional 238 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Surgery Partners during the first quarter valued at $244,000. 38.06% of the stock is owned by institutional investors.
Surgery Partners Company Profile
Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.
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