Surgery Partners, Inc. (NASDAQ:SGRY – Get Rating) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $35.72 and traded as low as $29.10. Surgery Partners shares last traded at $30.41, with a volume of 262,375 shares.
SGRY has been the subject of several recent analyst reports. Benchmark raised their target price on Surgery Partners from $65.00 to $72.00 in a research note on Wednesday, May 4th. Citigroup raised their target price on Surgery Partners from $61.00 to $64.00 in a research note on Wednesday, May 4th. Bank of America cut Surgery Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research note on Wednesday, June 15th. Finally, StockNews.com raised Surgery Partners from a “sell” rating to a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.
The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of $35.72 and a 200 day simple moving average of $45.61. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -57.38, a PEG ratio of 8.62 and a beta of 2.80.
Surgery Partners (NASDAQ:SGRY – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Surgery Partners had a negative net margin of 1.63% and a negative return on equity of 0.46%. The firm had revenue of $596.20 million during the quarter, compared to analyst estimates of $579.58 million. During the same period last year, the business posted ($0.40) EPS. Equities analysts expect that Surgery Partners, Inc. will post 0.1 earnings per share for the current year.
In other news, insider George Goodwin sold 25,525 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $62.58, for a total value of $1,597,354.50. Following the transaction, the insider now owns 57,990 shares in the company, valued at $3,629,014.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 51,905 shares of company stock worth $2,650,953 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Iron Triangle Partners LP bought a new stake in Surgery Partners during the fourth quarter worth $29,039,000. Invesco Ltd. lifted its holdings in Surgery Partners by 31.9% during the fourth quarter. Invesco Ltd. now owns 1,556,434 shares of the company’s stock worth $83,129,000 after acquiring an additional 376,600 shares during the period. Durable Capital Partners LP lifted its holdings in Surgery Partners by 20.4% during the first quarter. Durable Capital Partners LP now owns 1,918,450 shares of the company’s stock worth $105,611,000 after acquiring an additional 325,221 shares during the period. Nuveen Asset Management LLC lifted its holdings in Surgery Partners by 178.4% during the fourth quarter. Nuveen Asset Management LLC now owns 394,695 shares of the company’s stock worth $21,080,000 after acquiring an additional 252,933 shares during the period. Finally, Cannell & Co. lifted its holdings in Surgery Partners by 2,129.8% during the fourth quarter. Cannell & Co. now owns 179,500 shares of the company’s stock worth $9,587,000 after acquiring an additional 171,450 shares during the period.
About Surgery Partners (NASDAQ:SGRY)
Surgery Partners, Inc, through its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company operates through two segments, Surgical Facility Services and Ancillary Services. Its surgical facilities comprise ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including gastroenterology, general surgery, ophthalmology, orthopedics, and pain management.
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Read More: Surgery Partners (NASDAQ:SGRY) Stock Price Crosses Below 50 Day Moving Average of $35.72