Jefferies Group LLC reiterated their buy rating on shares of Surgery Partners, Inc. (NASDAQ:SGRY) in a report issued on Friday. The firm currently has a $16.00 price target on the stock, down from their prior price target of $22.00.
A number of other equities analysts have also weighed in on the stock. BidaskClub upgraded shares of Surgery Partners from a hold rating to a buy rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered shares of Surgery Partners from a buy rating to a hold rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. reiterated a market perform rating on shares of Surgery Partners in a research report on Wednesday, August 9th. 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. Finally, Stifel Nicolaus lowered shares of Surgery Partners from a hold rating to a sell rating and dropped their price target for the stock from $21.00 to $17.00 in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $19.33.
Shares of Surgery Partners (SGRY) opened at 9.60 on Friday. The stock has a market capitalization of $468.59 million, a PE ratio of 63.16 and a beta of 2.02. Surgery Partners has a 52 week low of $8.52 and a 52 week high of $24.05. The company’s 50 day moving average is $13.63 and its 200-day moving average is $18.86.
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In other Surgery Partners news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $19.00, for a total value of $502,657,369.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SGRY. Teachers Advisors LLC lifted its holdings in shares of Surgery Partners by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 34,209 shares of the company’s stock worth $542,000 after buying an additional 6,364 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Surgery Partners in the first quarter worth $120,000. Strs Ohio purchased a new position in shares of Surgery Partners in the first quarter worth $263,000. Wells Fargo & Company MN lifted its holdings in shares of Surgery Partners by 26.3% in the first quarter. Wells Fargo & Company MN now owns 397,454 shares of the company’s stock worth $7,750,000 after buying an additional 82,871 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Surgery Partners in the first quarter worth $600,000. 38.06% of the stock is currently owned by hedge funds and other institutional investors.
About Surgery Partners
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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