Surgery Partners, Inc. (SGRY) Stake Decreased by First Trust Advisors LP

First Trust Advisors LP cut its position in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,807 shares of the company’s stock after selling 11,425 shares during the quarter. First Trust Advisors LP owned about 0.22% of Surgery Partners worth $1,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voya Investment Management LLC acquired a new stake in shares of Surgery Partners during the second quarter worth $222,000. Royal Bank of Canada increased its position in shares of Surgery Partners by 680.5% during the second quarter. Royal Bank of Canada now owns 10,544 shares of the company’s stock worth $240,000 after buying an additional 9,193 shares during the period. Russell Investments Group Ltd. increased its position in shares of Surgery Partners by 211.4% during the second quarter. Russell Investments Group Ltd. now owns 11,915 shares of the company’s stock worth $271,000 after buying an additional 8,089 shares during the period. Campbell Newman Asset Management Inc. increased its position in shares of Surgery Partners by 4.9% during the second quarter. Campbell Newman Asset Management Inc. now owns 12,649 shares of the company’s stock worth $288,000 after buying an additional 586 shares during the period. Finally, Round Table Services LLC acquired a new stake in shares of Surgery Partners during the third quarter worth $138,000. Institutional investors own 94.16% of the company’s stock.

Shares of Surgery Partners, Inc. (NASDAQ SGRY) opened at $9.10 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.09 and a debt-to-equity ratio of 1.56. The company has a market cap of $455.99, a price-to-earnings ratio of 62.33 and a beta of 1.89. Surgery Partners, Inc. has a twelve month low of $7.10 and a twelve month high of $24.05.

Several equities research analysts have recently weighed in on SGRY shares. Stifel Nicolaus cut shares of Surgery Partners from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $21.00 to $17.00 in a research report on Wednesday, August 9th. Raymond James Financial reiterated a “market perform” rating on shares of Surgery Partners in a research report on Wednesday, August 9th. Citigroup reiterated a “buy” rating and set a $17.00 price objective (down from $28.00) on shares of Surgery Partners in a research report on Friday, August 11th. Zacks Investment Research cut shares of Surgery Partners from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, Jefferies Group reiterated a “buy” rating and set a $16.00 price objective (down from $22.00) on shares of Surgery Partners in a research report on Friday, September 8th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.57.

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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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Institutional Ownership by Quarter for Surgery Partners (NASDAQ:SGRY)

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