Surgery Partners, Inc. $SGRY Stock Position Increased by Groupe la Francaise

Groupe la Francaise raised its holdings in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 26.6% during the 2nd quarter, Holdings Channel reports. The fund owned 186,088 shares of the company’s stock after purchasing an additional 39,089 shares during the period. Groupe la Francaise’s holdings in Surgery Partners were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Surgery Partners by 86.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,169 shares of the company’s stock worth $28,000 after buying an additional 542 shares in the last quarter. AlphaQuest LLC lifted its stake in Surgery Partners by 112.0% during the first quarter. AlphaQuest LLC now owns 1,058 shares of the company’s stock valued at $25,000 after buying an additional 559 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Surgery Partners by 7.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,582 shares of the company’s stock worth $391,000 after buying an additional 1,176 shares during the period. Empowered Funds LLC grew its position in Surgery Partners by 11.0% during the first quarter. Empowered Funds LLC now owns 12,853 shares of the company’s stock valued at $305,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Surgery Partners in the first quarter worth approximately $31,000.

Surgery Partners Price Performance

SGRY stock opened at $17.04 on Thursday. The company has a 50 day simple moving average of $19.51 and a 200 day simple moving average of $21.36. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -12.53 and a beta of 1.93. Surgery Partners, Inc. has a 1 year low of $14.94 and a 1 year high of $26.16. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.88 and a quick ratio of 1.72.

Surgery Partners (NASDAQ:SGRY) last posted its earnings results on Monday, November 10th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $821.50 million during the quarter, compared to the consensus estimate of $823.55 million. Surgery Partners had a negative net margin of 5.21% and a positive return on equity of 2.41%. Surgery Partners’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. Research analysts anticipate that Surgery Partners, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SGRY. Weiss Ratings reissued a “sell (e+)” rating on shares of Surgery Partners in a research report on Monday, November 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Surgery Partners in a report on Tuesday, October 7th. Mizuho lowered their price objective on Surgery Partners from $28.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Benchmark decreased their price target on shares of Surgery Partners from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Barclays dropped their price target on Surgery Partners from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Surgery Partners has a consensus rating of “Moderate Buy” and an average price target of $27.44.

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.