Peregrine Capital Management LLC lowered its position in Surgery Partners, Inc. (NASDAQ:SGRY) by 21.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 904,644 shares of the company’s stock after selling 246,269 shares during the period. Peregrine Capital Management LLC owned about 1.85% of Surgery Partners worth $20,581,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of SGRY. FMR LLC raised 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 worth $50,369,000 after buying an additional 1,929,057 shares during the period. Clearbridge Investments LLC boosted its stake in Surgery Partners by 0.3% in the first quarter. Clearbridge Investments LLC now owns 1,524,088 shares of the company’s stock worth $29,720,000 after buying an additional 4,733 shares in the last quarter. Vanguard Group Inc. boosted its stake in Surgery Partners by 5.0% in the first quarter. Vanguard Group Inc. now owns 1,510,818 shares of the company’s stock worth $29,461,000 after buying an additional 72,121 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Surgery Partners by 23.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,221,074 shares of the company’s stock worth $27,779,000 after buying an additional 229,515 shares in the last quarter. Finally, AMI Asset Management Corp boosted its stake in Surgery Partners by 26.4% in the second quarter. AMI Asset Management Corp now owns 547,162 shares of the company’s stock worth $12,448,000 after buying an additional 114,288 shares in the last quarter. Institutional investors own 38.42% of the company’s stock.
Shares of Surgery Partners, Inc. (NASDAQ:SGRY) traded down 13.68% during mid-day trading on Tuesday, reaching $9.15. The company’s stock had a trading volume of 831,865 shares. Surgery Partners, Inc. has a 52-week low of $8.95 and a 52-week high of $24.05. The firm has a market cap of $446.62 million, a price-to-earnings ratio of 60.20 and a beta of 1.71. The firm has a 50 day moving average price of $19.60 and a 200 day moving average price of $20.10.
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SGRY has been the topic of a number of research reports. Raymond James Financial, Inc. restated a “market perform” rating on shares of Surgery Partners in a research report on Wednesday, August 9th. BidaskClub cut Surgery Partners from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Surgery Partners from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, August 2nd. Stifel Nicolaus cut Surgery Partners from a “hold” rating to a “sell” rating and lowered their price objective for the company from $21.00 to $17.00 in a research report on Wednesday, August 9th. Finally, Citigroup Inc. restated a “buy” rating and set a $17.00 price objective (down from $28.00) on shares of Surgery Partners in a research report on Friday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.67.
Surgery Partners Company Profile
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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