E. Ohman J or Asset Management AB Raises Stock Position in Surgery Partners, Inc. (NASDAQ:SGRY)

E. Ohman J or Asset Management AB grew its position in shares of Surgery Partners, Inc. (NASDAQ:SGRY - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,243,111 shares of the company's stock after purchasing an additional 357,023 shares during the quarter. E. Ohman J or Asset Management AB owned 0.98% of Surgery Partners worth $26,317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SGRY. KBC Group NV lifted its stake in shares of Surgery Partners by 31.8% in the 3rd quarter. KBC Group NV now owns 2,385 shares of the company's stock valued at $77,000 after purchasing an additional 576 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Surgery Partners by 747.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,831 shares of the company's stock worth $124,000 after purchasing an additional 3,379 shares during the last quarter. Creative Planning bought a new position in Surgery Partners during the third quarter valued at about $258,000. Versor Investments LP bought a new stake in shares of Surgery Partners during the third quarter valued at approximately $271,000. Finally, Inspire Investing LLC lifted its holdings in shares of Surgery Partners by 47.5% during the 4th quarter. Inspire Investing LLC now owns 19,034 shares of the company's stock worth $403,000 after acquiring an additional 6,131 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SGRY shares. Macquarie restated an "outperform" rating and issued a $34.00 price target on shares of Surgery Partners in a research report on Tuesday, November 19th. Royal Bank of Canada lowered their target price on shares of Surgery Partners from $49.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their target price on Surgery Partners from $38.00 to $28.00 and set a "neutral" rating for the company in a research report on Tuesday, December 3rd. UBS Group began coverage on shares of Surgery Partners in a research report on Monday, October 14th. They issued a "buy" rating and a $38.00 price objective for the company. Finally, KeyCorp started coverage on shares of Surgery Partners in a research report on Friday, October 11th. They set a "sector weight" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Surgery Partners has an average rating of "Moderate Buy" and an average target price of $36.56.

Surgery Partners Stock Up 0.6 %

Shares of SGRY stock traded up $0.15 during trading hours on Friday, reaching $25.80. The company had a trading volume of 979,798 shares, compared to its average volume of 1,636,903. Surgery Partners, Inc. has a 12 month low of $19.50 and a 12 month high of $35.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.80 and a quick ratio of 1.66. The business has a fifty day simple moving average of $21.80 and a 200-day simple moving average of $26.98. The company has a market cap of $3.28 billion, a price-to-earnings ratio of -53.76, a price-to-earnings-growth ratio of 17.66 and a beta of 2.60.

Surgery Partners (NASDAQ:SGRY - Get Free Report) last announced its quarterly earnings data 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). Surgery Partners had a positive return on equity of 2.85% and a negative net margin of 2.03%. The firm had revenue of $770.40 million during the quarter, compared to analysts' expectations of $768.99 million. During the same period last year, the business posted $0.15 EPS. The company's revenue was up 14.3% compared to the same quarter last year. On average, research analysts expect that Surgery Partners, Inc. will post 0.71 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.