David T. Doherty Sells 2,306 Shares of Surgery Partners, Inc. (NASDAQ:SGRY) Stock

Surgery Partners, Inc. (NASDAQ:SGRYGet Free Report) CFO David T. Doherty sold 2,306 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $31.89, for a total transaction of $73,538.34. Following the completion of the sale, the chief financial officer now owns 75,229 shares of the company’s stock, valued at $2,399,052.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Surgery Partners Trading Down 0.6 %

NASDAQ:SGRY opened at $32.35 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.88. Surgery Partners, Inc. has a 12 month low of $22.05 and a 12 month high of $45.79. The company has a 50 day simple moving average of $32.36 and a two-hundred day simple moving average of $31.39.

Surgery Partners (NASDAQ:SGRYGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The business had revenue of $674.10 million for the quarter, compared to analysts’ expectations of $670.74 million. Surgery Partners had a negative net margin of 1.26% and a positive return on equity of 2.70%. Sell-side analysts expect that Surgery Partners, Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Surgery Partners

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of Surgery Partners by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,022,700 shares of the company’s stock worth $234,664,000 after buying an additional 1,511,396 shares during the last quarter. Durable Capital Partners LP lifted its position in Surgery Partners by 174.3% during the fourth quarter. Durable Capital Partners LP now owns 5,853,995 shares of the company’s stock valued at $163,092,000 after acquiring an additional 3,719,766 shares during the last quarter. BlackRock Inc. lifted its position in Surgery Partners by 41.1% during the second quarter. BlackRock Inc. now owns 5,372,530 shares of the company’s stock valued at $241,710,000 after acquiring an additional 1,565,138 shares during the last quarter. Clearbridge Investments LLC lifted its position in Surgery Partners by 0.8% during the third quarter. Clearbridge Investments LLC now owns 5,277,909 shares of the company’s stock valued at $154,379,000 after acquiring an additional 41,557 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Surgery Partners by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,775,566 shares of the company’s stock valued at $88,349,000 after acquiring an additional 22,936 shares during the last quarter.

Analysts Set New Price Targets

SGRY has been the subject of several research analyst reports. Benchmark restated a “buy” rating and issued a $50.00 price objective on shares of Surgery Partners in a report on Thursday, October 12th. TD Cowen upgraded shares of Surgery Partners from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $39.00 to $35.00 in a report on Tuesday, November 14th. StockNews.com upgraded shares of Surgery Partners from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, TheStreet raised shares of Surgery Partners from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Surgery Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

View Our Latest Analysis on Surgery Partners

Surgery Partners Company Profile

(Get Free Report)

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 orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.

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