Surgery Partners, Inc. (NASDAQ:SGRY) Receives Average Recommendation of “Moderate Buy” from Analysts

Surgery Partners, Inc. (NASDAQ:SGRY) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $22.1818.

Several analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $17.00 price target on shares of Surgery Partners in a research note on Wednesday, May 6th. Zacks Research upgraded Surgery Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Surgery Partners in a research report on Tuesday, May 26th.

Hedge Funds Weigh In On Surgery Partners

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Surgery Partners by 239.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,907 shares of the company’s stock worth $35,000 after purchasing an additional 2,051 shares in the last quarter. Fifth Third Bancorp grew its position in Surgery Partners by 5,324.0% in the first quarter. Fifth Third Bancorp now owns 4,068 shares of the company’s stock valued at $48,000 after purchasing an additional 3,993 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Surgery Partners by 45,640.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,287 shares of the company’s stock valued at $49,000 after buying an additional 2,282 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Surgery Partners in the 3rd quarter valued at $121,000. Finally, Alpine Global Management LLC bought a new stake in Surgery Partners during the 4th quarter worth about $175,000.

Surgery Partners Stock Down 3.9%

Shares of SGRY stock opened at $15.99 on Friday. Surgery Partners has a 12-month low of $11.41 and a 12-month high of $24.10. The company has a quick ratio of 1.69, a current ratio of 1.86 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average of $14.86 and a 200-day moving average of $14.45. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -26.65, a P/E/G ratio of 4.78 and a beta of 1.89.

Surgery Partners (NASDAQ:SGRY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.12. The business had revenue of $810.90 million for the quarter, compared to analysts’ expectations of $797.69 million. Surgery Partners had a negative net margin of 2.28% and a positive return on equity of 1.04%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. As a group, equities research analysts predict that Surgery Partners will post 0.25 earnings per share for the current fiscal year.

About Surgery Partners

Surgery Partners, Inc operates as a healthcare services provider specializing in the management and ownership of ambulatory surgery centers, surgical hospitals and multispecialty rehabilitation hospitals across the United States. Through its network of facilities, the company coordinates and delivers a broad range of outpatient surgical procedures in specialties such as orthopedics, ophthalmology, otolaryngology, gastroenterology, pain management and general surgery. Its integrated platform offers ancillary services including on-site imaging, laboratory testing, infusion therapy and physical, occupational and speech rehabilitation.

Since its establishment in 2010 and subsequent public listing in 2015, Surgery Partners has focused on strategic partnerships with physicians and health systems to expand access to cost-effective outpatient care.