Inspire Investing LLC Trims Stock Holdings in Surgery Partners, Inc. (NASDAQ:SGRY)

Inspire Investing LLC lowered its stake in Surgery Partners, Inc. (NASDAQ:SGRY) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,903 shares of the company’s stock after selling 2,168 shares during the quarter. Inspire Investing LLC’s holdings in Surgery Partners were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SGRY. First Eagle Investment Management LLC lifted its holdings in Surgery Partners by 16.5% during the first quarter. First Eagle Investment Management LLC now owns 339,474 shares of the company’s stock valued at $10,127,000 after purchasing an additional 48,100 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Surgery Partners by 33.7% during the 1st quarter. BNP Paribas Financial Markets now owns 421,137 shares of the company’s stock valued at $12,563,000 after purchasing an additional 106,054 shares during the period. Bamco Inc. NY lifted its stake in shares of Surgery Partners by 100.0% during the 1st quarter. Bamco Inc. NY now owns 90,000 shares of the company’s stock valued at $2,685,000 after buying an additional 45,000 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in Surgery Partners in the 2nd quarter worth $4,163,000. Finally, Rhumbline Advisers increased its stake in Surgery Partners by 19.6% in the 2nd quarter. Rhumbline Advisers now owns 127,952 shares of the company’s stock worth $3,044,000 after buying an additional 20,963 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Macquarie assumed coverage on Surgery Partners in a research report on Friday, June 28th. They set an “outperform” rating and a $31.00 target price for the company. Citigroup cut their price objective on shares of Surgery Partners from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $49.00 target price on shares of Surgery Partners in a report on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $43.00 target price on shares of Surgery Partners in a research note on Friday, October 4th. Finally, StockNews.com cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.63.

Surgery Partners Price Performance

SGRY stock opened at $31.88 on Wednesday. Surgery Partners, Inc. has a 52 week low of $22.05 and a 52 week high of $36.92. The firm has a market capitalization of $4.05 billion, a P/E ratio of -118.07, a price-to-earnings-growth ratio of 2.33 and a beta of 2.75. The company has a fifty day simple moving average of $30.90 and a two-hundred day simple moving average of $27.84. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.96.

Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $762.10 million during the quarter, compared to the consensus estimate of $735.94 million. Surgery Partners had a negative net margin of 1.17% and a positive return on equity of 2.96%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. Analysts anticipate that Surgery Partners, Inc. will post 0.86 earnings per share for the current fiscal year.

About Surgery Partners

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.