Arizona State Retirement System Has $526,000 Stake in Surgery Partners, Inc. (NASDAQ:SGRY)

Arizona State Retirement System increased its holdings in shares of Surgery Partners, Inc. (NASDAQ:SGRYGet Rating) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,562 shares of the company’s stock after purchasing an additional 682 shares during the quarter. Arizona State Retirement System’s holdings in Surgery Partners were worth $526,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SGRY. Mount Yale Investment Advisors LLC acquired a new stake in Surgery Partners in the first quarter valued at $246,000. Calamos Advisors LLC acquired a new stake in Surgery Partners in the first quarter valued at $8,100,000. Tranquility Partners LLC lifted its stake in Surgery Partners by 8.3% in the first quarter. Tranquility Partners LLC now owns 43,670 shares of the company’s stock valued at $2,404,000 after acquiring an additional 3,330 shares during the last quarter. Zacks Investment Management acquired a new stake in Surgery Partners in the fourth quarter valued at $985,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Surgery Partners in the fourth quarter valued at $6,586,000.

Insider Buying and Selling at Surgery Partners

In other news, insider George Goodwin sold 13,598 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $40.03, for a total value of $544,327.94. Following the sale, the insider now directly owns 44,392 shares in the company, valued at approximately $1,777,011.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 26,380 shares of company stock valued at $1,053,599 in the last ninety days. 3.30% of the stock is currently owned by company insiders.

Surgery Partners Price Performance

SGRY stock opened at $36.63 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.50. Surgery Partners, Inc. has a 12 month low of $26.66 and a 12 month high of $63.87. The firm has a market cap of $3.29 billion, a P/E ratio of -69.11, a P/E/G ratio of 10.44 and a beta of 2.87. The company’s 50-day moving average price is $33.99 and its two-hundred day moving average price is $44.36.

Surgery Partners (NASDAQ:SGRYGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $579.58 million. During the same period in the prior year, the business earned ($0.40) earnings per share. On average, analysts anticipate that Surgery Partners, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SGRY. Benchmark increased their price target on shares of Surgery Partners from $65.00 to $72.00 in a research note on Wednesday, May 4th. StockNews.com lowered shares of Surgery Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Citigroup increased their price objective on shares of Surgery Partners from $61.00 to $64.00 in a research report on Wednesday, May 4th. Royal Bank of Canada reissued a “maintains” rating on shares of Surgery Partners in a research report on Wednesday. Finally, Bank of America lowered shares of Surgery Partners from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $36.00 in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Surgery Partners presently has a consensus rating of “Hold” and a consensus price target of $59.00.

Surgery Partners Profile

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

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