Surgery Partners, Inc. (NASDAQ:SGRY) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,311,867 shares of the company’s stock after purchasing an additional 546,869 shares during the period. Fmr LLC owned 0.14% of Surgery Partners worth $590,375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV increased its position in Surgery Partners by 31.8% during the third quarter. KBC Group NV now owns 2,385 shares of the company’s stock worth $77,000 after purchasing an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Surgery Partners by 102.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,723 shares of the company’s stock worth $80,000 after purchasing an additional 1,375 shares during the last quarter. Quarry LP increased its position in Surgery Partners by 133.1% during the second quarter. Quarry LP now owns 3,082 shares of the company’s stock worth $73,000 after purchasing an additional 1,760 shares during the last quarter. Creative Planning acquired a new position in Surgery Partners during the third quarter worth approximately $258,000. Finally, Versor Investments LP acquired a new position in Surgery Partners during the third quarter worth approximately $271,000.

Surgery Partners Trading Up 2.3 %

Surgery Partners stock opened at $23.41 on Friday. The firm’s 50-day moving average is $29.15 and its 200-day moving average is $28.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.80. Surgery Partners, Inc. has a 1 year low of $21.36 and a 1 year high of $36.92. The company has a market cap of $2.98 billion, a P/E ratio of -48.77, a PEG ratio of 19.47 and a beta of 2.76.

Surgery Partners (NASDAQ:SGRY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Surgery Partners had a positive return on equity of 2.85% and a negative net margin of 2.03%. The business had revenue of $770.40 million during the quarter, compared to the consensus estimate of $768.99 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Surgery Partners, Inc. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Surgery Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $43.00 price objective on shares of Surgery Partners in a research report on Friday, October 4th. Royal Bank of Canada dropped their price objective on shares of Surgery Partners from $49.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Citigroup dropped their price objective on shares of Surgery Partners from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, KeyCorp assumed coverage on shares of Surgery Partners in a research report on Friday, October 11th. They issued a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.71.

Surgery Partners Profile

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.