Surgery Partners Inc (NASDAQ:SGRY) has been assigned an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.17.

SGRY has been the subject of a number of recent analyst reports. Bank of America downgraded Surgery Partners from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Surgery Partners in a research report on Tuesday, October 31st. Jefferies Group dropped their price target on Surgery Partners from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research cut Surgery Partners from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Finally, ValuEngine cut Surgery Partners from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.

Shares of Surgery Partners (NASDAQ:SGRY) opened at $15.20 on Wednesday. Surgery Partners has a fifty-two week low of $7.10 and a fifty-two week high of $24.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.09 and a quick ratio of 1.92. The company has a market capitalization of $741.29 and a price-to-earnings ratio of -168.89.

Surgery Partners declared that its Board of Directors has authorized a share repurchase plan on Friday, December 15th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in the company. Kennedy Capital Management Inc. increased its position in shares of Surgery Partners by 2.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 498,556 shares of the company’s stock valued at $6,033,000 after buying an additional 13,659 shares in the last quarter. Royce & Associates LP increased its position in shares of Surgery Partners by 55.3% in the fourth quarter. Royce & Associates LP now owns 1,058,668 shares of the company’s stock valued at $12,810,000 after buying an additional 377,086 shares in the last quarter. BlackRock Inc. increased its position in shares of Surgery Partners by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,306,021 shares of the company’s stock valued at $15,804,000 after buying an additional 7,029 shares in the last quarter. Aperio Group LLC purchased a new stake in Surgery Partners during the 4th quarter worth about $173,000. Finally, Phoenix Investment Adviser LLC increased its position in Surgery Partners by 32.5% during the 4th quarter. Phoenix Investment Adviser LLC now owns 95,290 shares of the company’s stock worth $1,153,000 after purchasing an additional 23,400 shares in the last quarter. Institutional investors and hedge funds own 94.05% 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.

Analyst Recommendations for Surgery Partners (NASDAQ:SGRY)

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