BidaskClub downgraded shares of Surgery Partners, Inc. (NASDAQ:SGRY) from a hold rating to a sell rating in a research report report published on Monday, July 24th.
A number of other brokerages also recently weighed in on SGRY. Zacks Investment Research downgraded shares of Surgery Partners from a hold rating to a sell rating in a report on Wednesday, May 10th. Stifel Nicolaus reduced their price target on shares of Surgery Partners from $19.00 to $18.00 and set a hold rating for the company in a report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Surgery Partners has a consensus rating of Hold and a consensus price target of $20.67.
Surgery Partners (NASDAQ:SGRY) traded up 3.74% during midday trading on Monday, hitting $11.10. 844,033 shares of the stock traded hands. The stock has a market cap of $541.80 million, a PE ratio of 73.03 and a beta of 1.71. Surgery Partners has a 1-year low of $9.20 and a 1-year high of $24.05. The company has a 50-day moving average of $20.32 and a 200-day moving average of $20.21.
Several institutional investors have recently added to or reduced their stakes in SGRY. Bank of Montreal Can acquired a new position in Surgery Partners during the first quarter worth approximately $120,000. Atria Investments LLC acquired a new position in Surgery Partners during the first quarter worth approximately $203,000. American International Group Inc. increased its position in Surgery Partners by 7.1% in the first quarter. American International Group Inc. now owns 11,462 shares of the company’s stock worth $224,000 after buying an additional 759 shares during the last quarter. Campbell Newman Asset Management Inc. purchased a new stake in shares of Surgery Partners during the first quarter worth about $235,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Surgery Partners during the first quarter worth about $244,000. 39.36% of the stock is owned by 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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