Surgery Partners, Inc. (NASDAQ:SGRY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Surgery Partners, Inc. is a healthcare services company. The Company’s outpatient delivery model focused on providing solutions for surgical and related ancillary care in support of its patients and physicians. Its operating segment consists of Surgical Facility Services segment, Ancillary Services segment and Optical Services segment. Surgery Partners, Inc. is based in Nashville, Tennessee. “

Other research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price (down from $22.00) on shares of Surgery Partners in a report on Friday, September 8th. Citigroup Inc. reaffirmed a “buy” rating and set a $17.00 target price (down from $28.00) on shares of Surgery Partners in a report on Friday, August 11th. BidaskClub raised Surgery Partners from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Bank of America Corporation cut their target price on Surgery Partners from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Monday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Surgery Partners in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.29.

Surgery Partners (NASDAQ SGRY) traded up 0.265% during midday trading on Wednesday, reaching $9.475. The company had a trading volume of 22,032 shares. The stock has a 50-day moving average price of $9.88 and a 200 day moving average price of $17.17. Surgery Partners has a 12-month low of $8.53 and a 12-month high of $24.05. The company has a market capitalization of $462.48 million, a PE ratio of 62.336 and a beta of 2.05.

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In other news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of Surgery Partners stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $19.00, for a total value of $502,657,369.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of Surgery Partners by 295.0% in the 1st quarter. FMR LLC now owns 2,583,000 shares of the company’s stock worth $50,369,000 after acquiring an additional 1,929,057 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Surgery Partners by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,595,966 shares of the company’s stock worth $36,309,000 after acquiring an additional 85,148 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Surgery Partners by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,524,088 shares of the company’s stock worth $29,720,000 after acquiring an additional 4,733 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of Surgery Partners by 23.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,221,074 shares of the company’s stock worth $27,779,000 after acquiring an additional 229,515 shares in the last quarter. Finally, AMI Asset Management Corp raised its position in shares of Surgery Partners by 26.4% in the 2nd quarter. AMI Asset Management Corp now owns 547,162 shares of the company’s stock worth $12,448,000 after acquiring an additional 114,288 shares in the last quarter. 38.06% of the stock is owned by hedge funds and other institutional investors.

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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