Bank of New York Mellon Corp Lowers Holdings in Surgery Partners (SGRY)

Bank of New York Mellon Corp reduced its holdings in shares of Surgery Partners (NASDAQ:SGRY) by 14.1% during the 4th quarter, Holdings Channel reports. The firm owned 89,132 shares of the company’s stock after selling 14,591 shares during the period. Bank of New York Mellon Corp’s holdings in Surgery Partners were worth $1,079,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in Surgery Partners by 156.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 524,775 shares of the company’s stock worth $5,379,000 after purchasing an additional 319,775 shares during the last quarter. Aperio Group LLC purchased a new position in Surgery Partners during the 4th quarter worth $173,000. Schwab Charles Investment Management Inc. grew its position in Surgery Partners by 93.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 146,325 shares of the company’s stock worth $1,515,000 after purchasing an additional 70,604 shares during the last quarter. Phoenix Investment Adviser LLC grew its position in Surgery Partners by 32.5% during the 4th quarter. Phoenix Investment Adviser LLC now owns 95,290 shares of the company’s stock worth $1,153,000 after purchasing an additional 23,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Surgery Partners by 119.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 305,909 shares of the company’s stock worth $3,166,000 after purchasing an additional 166,590 shares during the last quarter.

How to Become a New Pot Stock Millionaire

Several brokerages have issued reports on SGRY. Zacks Investment Research raised shares of Surgery Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. BidaskClub downgraded shares of Surgery Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 12th. ValuEngine raised shares of Surgery Partners from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus lowered their price objective on shares of Surgery Partners from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Tuesday, April 10th. Finally, Jefferies Group set a $18.00 price objective on shares of Surgery Partners and gave the stock a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Surgery Partners has a consensus rating of “Hold” and a consensus target price of $18.29.

Shares of NASDAQ:SGRY opened at $17.55 on Monday. The stock has a market capitalization of $853.14, a PE ratio of -20.89 and a beta of 1.82. The company has a current ratio of 1.86, a quick ratio of 1.71 and a debt-to-equity ratio of 1.59. Surgery Partners has a fifty-two week low of $7.10 and a fifty-two week high of $24.05.

Surgery Partners (NASDAQ:SGRY) last issued its earnings results on Thursday, March 1st. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The firm had revenue of $460.30 million during the quarter, compared to analysts’ expectations of $438.30 million. Surgery Partners had a negative net margin of 4.54% and a negative return on equity of 0.53%. The firm’s revenue was up 50.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. equities analysts predict that Surgery Partners will post -0.14 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/23/bank-of-new-york-mellon-corp-lowers-holdings-in-surgery-partners-sgry.html.

Surgery Partners Profile

Surgery Partners, Inc is healthcare services holding company, which engages in the provision of solutions for surgical and related ancillary care in support of its patients and physicians. It operates through the following business segments: Surgical Facility Services; Ancillary Services; and Optical Services.

Want to see what other hedge funds are holding SGRY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Surgery Partners (NASDAQ:SGRY).

Institutional Ownership by Quarter for Surgery Partners (NASDAQ:SGRY)

Receive News & Ratings for Surgery Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surgery Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply