AHL Partners LLP decreased its holdings in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 56.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,030 shares of the company’s stock after selling 15,786 shares during the quarter. AHL Partners LLP’s holdings in Surgery Partners were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SGRY. Voya Investment Management LLC bought a new position in shares of Surgery Partners during the second quarter valued at approximately $222,000. American International Group Inc. grew its stake in shares of Surgery Partners by 7.1% during the first quarter. American International Group Inc. now owns 11,462 shares of the company’s stock valued at $224,000 after buying an additional 759 shares during the last quarter. Atria Investments LLC grew its stake in shares of Surgery Partners by 2.3% during the second quarter. Atria Investments LLC now owns 10,627 shares of the company’s stock valued at $242,000 after buying an additional 238 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Surgery Partners during the first quarter valued at approximately $244,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Surgery Partners by 211.4% during the second quarter. Russell Investments Group Ltd. now owns 11,915 shares of the company’s stock valued at $271,000 after buying an additional 8,089 shares during the last quarter. 39.14% of the stock is currently owned by hedge funds and other institutional investors.

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In other Surgery Partners news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $19.00, for a total value of $502,657,369.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.60% of the stock is owned by insiders.

A number of research firms have recently commented on SGRY. Stifel Nicolaus cut Surgery Partners from a “hold” rating to a “sell” rating and cut their target price for the company from $21.00 to $17.00 in a research note on Wednesday, August 9th. Zacks Investment Research cut Surgery Partners from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $17.00 target price (down previously from $28.00) on shares of Surgery Partners in a research note on Friday, August 11th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Surgery Partners in a research note on Wednesday, August 9th. Finally, BidaskClub cut Surgery Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.29.

Surgery Partners, Inc. (SGRY) opened at 9.80 on Monday. The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $16.62. Surgery Partners, Inc. has a 52 week low of $8.52 and a 52 week high of $24.05. The company has a market cap of $478.35 million, a PE ratio of 64.47 and a beta of 2.05.

Surgery Partners Company Profile

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.

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

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