Cim Investment Mangement Inc. boosted its stake in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 133.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,501 shares of the company’s stock after buying an additional 13,420 shares during the period. Cim Investment Mangement Inc.’s holdings in Surgery Partners were worth $535,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. AMI Asset Management Corp raised its stake in Surgery Partners by 26.4% in the second quarter. AMI Asset Management Corp now owns 547,162 shares of the company’s stock valued at $12,448,000 after buying an additional 114,288 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Surgery Partners by 404.9% in the first quarter. Ameriprise Financial Inc. now owns 228,970 shares of the company’s stock valued at $4,465,000 after buying an additional 183,620 shares during the last quarter. Wells Fargo & Company MN raised its stake in Surgery Partners by 26.3% in the first quarter. Wells Fargo & Company MN now owns 397,454 shares of the company’s stock valued at $7,750,000 after buying an additional 82,871 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Surgery Partners by 2.5% in the first quarter. Parametric Portfolio Associates LLC now owns 28,172 shares of the company’s stock valued at $549,000 after buying an additional 689 shares during the last quarter. Finally, Strs Ohio raised its stake in Surgery Partners by 51.1% in the second quarter. Strs Ohio now owns 20,400 shares of the company’s stock valued at $464,000 after buying an additional 6,900 shares during the last quarter. 38.06% of the stock is owned by institutional investors and hedge funds.

Surgery Partners, Inc. (NASDAQ:SGRY) opened at 8.90 on Thursday. The stock’s 50 day moving average is $16.70 and its 200 day moving average is $19.53. Surgery Partners, Inc. has a 12-month low of $8.70 and a 12-month high of $24.05. The firm has a market cap of $434.42 million, a P/E ratio of 58.55 and a beta of 1.71.

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Several analysts have commented on SGRY shares. Zacks Investment Research lowered shares of Surgery Partners from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. BidaskClub raised shares of Surgery Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Citigroup Inc. reissued a “buy” rating and set a $17.00 price target (down from $28.00) on shares of Surgery Partners in a research report on Friday, August 11th. Stifel Nicolaus lowered shares of Surgery Partners from a “hold” rating to a “sell” rating and decreased their price target for the company from $21.00 to $17.00 in a research report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Surgery Partners in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Surgery Partners has a consensus rating of “Hold” and a consensus target price of $20.67.

About Surgery Partners

Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.

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

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