BidaskClub cut shares of Surgery Partners (NASDAQ:SGRY) from a hold rating to a sell rating in a report issued on Tuesday morning, BidAskClub reports.
Other research analysts have also recently issued reports about the company. ValuEngine raised Surgery Partners from a hold rating to a buy rating in a research report on Saturday, January 5th. Zacks Investment Research raised Surgery Partners from a sell rating to a hold rating in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Surgery Partners has an average rating of Hold and a consensus price target of $18.20.
Shares of NASDAQ SGRY opened at $9.97 on Tuesday. Surgery Partners has a 52 week low of $9.45 and a 52 week high of $19.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.56 and a current ratio of 1.68.
Surgery Partners (NASDAQ:SGRY) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.75). Surgery Partners had a negative net margin of 11.45% and a negative return on equity of 3.90%. The company had revenue of $491.20 million for the quarter, compared to analyst estimates of $485.35 million. During the same period last year, the company posted ($0.03) earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts expect that Surgery Partners will post -0.77 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Surgery Partners by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 19,325 shares of the company’s stock valued at $189,000 after buying an additional 1,672 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Surgery Partners by 11.3% in the fourth quarter. California Public Employees Retirement System now owns 36,917 shares of the company’s stock valued at $361,000 after buying an additional 3,739 shares during the last quarter. Strs Ohio lifted its position in shares of Surgery Partners by 8.9% in the fourth quarter. Strs Ohio now owns 47,800 shares of the company’s stock valued at $467,000 after buying an additional 3,900 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Surgery Partners by 7.5% in the third quarter. Teachers Advisors LLC now owns 71,698 shares of the company’s stock valued at $1,183,000 after buying an additional 5,001 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in shares of Surgery Partners by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 14,807 shares of the company’s stock valued at $244,000 after buying an additional 5,267 shares during the last quarter. 97.48% of the stock is owned by institutional investors.
About Surgery Partners
Surgery Partners, Inc, through its subsidiaries, operates surgical facilities in the United States. The company operates through three segments: Surgical Facility Services, Ancillary Services, and Optical 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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