Surgery Partners, Inc. (NASDAQ:SGRY) had its price target cut by analysts at Bank of America Corporation from $23.00 to $19.00 in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Bank of America Corporation’s target price points to a potential upside of 68.14% from the stock’s previous close.

Several other research firms also recently commented on SGRY. BidaskClub upgraded shares of Surgery Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price target (down from $22.00) on shares of Surgery Partners in a research note on Friday, September 8th. KeyCorp restated a “hold” rating on shares of Surgery Partners in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of Surgery Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Surgery Partners in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Surgery Partners has a consensus rating of “Hold” and a consensus price target of $19.29.

Surgery Partners (SGRY) traded down 6.64% during mid-day trading on Monday, reaching $10.55. 85,272 shares of the company’s stock traded hands. Surgery Partners has a 1-year low of $8.52 and a 1-year high of $24.05. The firm has a 50 day moving average of $9.85 and a 200 day moving average of $17.33. The firm has a market cap of $514.96 million, a PE ratio of 69.41 and a beta of 2.05.

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In related news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $19.00, for a total value of $502,657,369.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. AMI Asset Management Corp grew its stake in Surgery Partners by 26.4% during the second quarter. AMI Asset Management Corp now owns 547,162 shares of the company’s stock worth $12,448,000 after buying an additional 114,288 shares in the last quarter. Strs Ohio grew its stake in Surgery Partners by 51.1% during the second quarter. Strs Ohio now owns 20,400 shares of the company’s stock worth $464,000 after buying an additional 6,900 shares in the last quarter. Royce & Associates LP grew its stake in Surgery Partners by 78.2% during the second quarter. Royce & Associates LP now owns 262,125 shares of the company’s stock worth $5,963,000 after buying an additional 114,999 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in Surgery Partners by 4.4% during the second quarter. Kennedy Capital Management Inc. now owns 315,361 shares of the company’s stock worth $7,174,000 after buying an additional 13,320 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Surgery Partners by 404.9% during the first quarter. Ameriprise Financial Inc. now owns 228,970 shares of the company’s stock worth $4,465,000 after buying an additional 183,620 shares in the last quarter. Hedge funds and other institutional investors own 38.06% of the company’s stock.

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.

Analyst Recommendations for Surgery Partners (NASDAQ:SGRY)

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