Shares of Surgery Partners, Inc. (NASDAQ:SGRY) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.50.
Several research firms have weighed in on SGRY. BidaskClub cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Stifel Nicolaus lowered their price target on shares of Surgery Partners from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, April 24th. Finally, Zacks Investment Research cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th.
Several hedge funds and other institutional investors have recently made changes to their positions in SGRY. FMR LLC boosted its position in shares of Surgery Partners by 295.0% in the first quarter. FMR LLC now owns 2,583,000 shares of the company’s stock valued at $50,369,000 after buying an additional 1,929,057 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Surgery Partners during the first quarter valued at about $19,336,000. AMI Asset Management Corp purchased a new stake in Surgery Partners during the first quarter valued at about $8,441,000. Redmile Group LLC purchased a new stake in Surgery Partners during the first quarter valued at about $5,918,000. Finally, Kennedy Capital Management Inc. purchased a new stake in Surgery Partners during the first quarter valued at about $5,890,000. 39.87% of the stock is currently owned by institutional investors.
Surgery Partners (NASDAQ SGRY) opened at 20.30 on Friday. Surgery Partners has a 1-year low of $13.60 and a 1-year high of $24.05. The company has a market capitalization of $991.01 million, a price-to-earnings ratio of 70.24 and a beta of 1.86. The stock has a 50 day moving average price of $21.83 and a 200-day moving average price of $20.29.
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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