KBC Group NV Purchases 576 Shares of Surgery Partners, Inc. (NASDAQ:SGRY)

KBC Group NV grew its position in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 31.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,385 shares of the company’s stock after acquiring an additional 576 shares during the period. KBC Group NV’s holdings in Surgery Partners were worth $77,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in Surgery Partners by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 19,494 shares of the company’s stock worth $464,000 after buying an additional 359 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Surgery Partners by 3.4% during the second quarter. Mackenzie Financial Corp now owns 19,999 shares of the company’s stock valued at $476,000 after acquiring an additional 662 shares in the last quarter. Natixis Advisors LLC lifted its stake in Surgery Partners by 11.0% in the second quarter. Natixis Advisors LLC now owns 12,452 shares of the company’s stock worth $296,000 after acquiring an additional 1,237 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Surgery Partners by 102.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,723 shares of the company’s stock valued at $80,000 after acquiring an additional 1,375 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its position in Surgery Partners by 15.9% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 12,320 shares of the company’s stock valued at $293,000 after purchasing an additional 1,690 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $50.00 target price on shares of Surgery Partners in a research report on Monday, August 26th. KeyCorp began coverage on shares of Surgery Partners in a report on Friday, October 11th. They issued a “sector weight” rating for the company. Citigroup reduced their target price on Surgery Partners from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada lowered their target price on Surgery Partners from $49.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, StockNews.com cut 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 assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.71.

Surgery Partners Stock Down 1.5 %

SGRY stock opened at $23.01 on Friday. The business has a 50 day moving average of $30.02 and a 200 day moving average of $28.37. The firm has a market cap of $2.92 billion, a PE ratio of -48.67, a price-to-earnings-growth ratio of 16.71 and a beta of 2.76. Surgery Partners, Inc. has a twelve month low of $21.36 and a twelve month high of $36.92. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 0.99.

Surgery Partners (NASDAQ:SGRY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The company had revenue of $770.40 million for the quarter, compared to the consensus estimate of $768.99 million. Surgery Partners had a negative net margin of 2.03% and a positive return on equity of 2.85%. Surgery Partners’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, research analysts forecast that Surgery Partners, Inc. will post 0.83 EPS for the current fiscal year.

Surgery Partners Profile

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.