Shares of Surgery Partners, Inc. (NASDAQ:SGRY) traded down 8.4% on Monday . The stock traded as low as $7.60 and last traded at $7.65. 597,773 shares traded hands during trading, an increase of 83% from the average session volume of 326,635 shares. The stock had previously closed at $8.35.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Surgery Partners from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, August 2nd. BidaskClub cut shares of Surgery Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Surgery Partners in a research report on Wednesday, August 9th. Stifel Nicolaus cut shares of Surgery Partners from a “hold” rating to a “sell” rating and cut their target price for the stock from $21.00 to $17.00 in a report on Wednesday, August 9th. Finally, Bank of America Corporation cut their target price on shares of Surgery Partners from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, October 9th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.57.

The company has a market capitalization of $373.08, a PE ratio of 51.00 and a beta of 1.92. The company has a quick ratio of 1.92, a current ratio of 2.09 and a debt-to-equity ratio of 1.56.

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 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC bought a new stake in Surgery Partners in the third quarter valued at approximately $210,000. Bain Capital Investors LLC bought a new position in Surgery Partners in the third quarter valued at $273,816,000. Royce & Associates LP grew its position in Surgery Partners by 160.0% in the third quarter. Royce & Associates LP now owns 681,582 shares of the company’s stock valued at $7,054,000 after purchasing an additional 419,457 shares in the last quarter. Elk Creek Partners LLC grew its position in Surgery Partners by 6.9% in the third quarter. Elk Creek Partners LLC now owns 464,829 shares of the company’s stock valued at $4,811,000 after purchasing an additional 30,172 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Surgery Partners by 119.6% in the third quarter. Dimensional Fund Advisors LP now owns 305,909 shares of the company’s stock valued at $3,166,000 after purchasing an additional 166,590 shares in the last quarter. Institutional investors own 39.73% of the company’s stock.

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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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