VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $426,000 Investment in Surgery Partners, Inc. $SGRY

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Surgery Partners, Inc. (NASDAQ:SGRY) during the third quarter, HoldingsChannel.com reports. The fund purchased 30,700 shares of the company’s stock, valued at approximately $426,000.

A number of other large investors also recently modified their holdings of SGRY. Jupiter Topco LLC acquired a new position in shares of Surgery Partners in the 2nd quarter valued at about $233,220,000. Pentwater Capital Management LP bought a new stake in shares of Surgery Partners during the 2nd quarter valued at about $195,384,000. BlackRock Inc. acquired a new stake in Surgery Partners during the second quarter worth about $104,857,000. Hsbc Holdings PLC acquired a new stake in Surgery Partners during the second quarter worth about $48,912,000. Finally, Bank of America Corp DE acquired a new stake in Surgery Partners during the second quarter worth about $20,374,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stonex Financial cut shares of Surgery Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Royal Bank Of Canada lowered Surgery Partners from a “moderate buy” rating to a “hold” rating and set a $23.50 target price for the company. in a report on Monday, October 26th. Weiss Ratings upgraded Surgery Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 16th. UBS Group downgraded Surgery Partners from a “buy” rating to a “hold” rating and raised their price target for the stock from $21.00 to $23.50 in a report on Wednesday, October 28th. Finally, TD Cowen lowered Surgery Partners from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 31st. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.14.

Surgery Partners Price Performance

Shares of NASDAQ:SGRY opened at $23.20 on Friday. The firm’s 50 day moving average is $16.04 and its two-hundred day moving average is $14.83. The firm has a market capitalization of $3.04 billion, a P/E ratio of -33.14 and a beta of 1.85. The company has a current ratio of 1.95, a quick ratio of 1.78 and a debt-to-equity ratio of 1.18. Surgery Partners, Inc. has a 52 week low of $11.41 and a 52 week high of $23.37.

Surgery Partners (NASDAQ:SGRY) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. Surgery Partners had a positive return on equity of 0.88% and a negative net margin of 2.63%. The business had revenue of $848.90 million during the quarter, compared to the consensus estimate of $830.03 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Analysts anticipate that Surgery Partners, Inc. will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In other Surgery Partners news, Director Teresa DeLuca bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $14.35 per share, with a total value of $143,500.00. Following the purchase, the director directly owned 66,843 shares of the company’s stock, valued at approximately $959,197.05. The trade was a 17.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

Surgery Partners Company Profile

Surgery Partners, Inc is a U.S.-based healthcare services company that operates and manages ambulatory surgery centers and surgical hospitals. The company works with physicians, health systems and other healthcare providers to deliver outpatient surgical care in facilities designed for same-day procedures.

Its facilities provide surgical services across specialties such as orthopedics, pain management, ophthalmology, gastroenterology, urology, gynecology and general surgery. Surgery Partners also supports its operations with clinical, administrative and revenue-cycle services intended to help physicians and facility partners manage patient care and practice operations.

Founded in 2004 and headquartered in Brentwood, Tennessee, Surgery Partners has expanded its platform through acquisitions, joint ventures and other partnerships.