Surgery Partners, Inc. (SGRY) Stake Lifted by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Surgery Partners, Inc. (NASDAQ:SGRY) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,738 shares of the company’s stock after acquiring an additional 81,468 shares during the quarter. Northern Trust Corp owned 0.63% of Surgery Partners worth $7,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SGRY. Bank of New York Mellon Corp increased its stake in shares of Surgery Partners by 28.3% during the first quarter. Bank of New York Mellon Corp now owns 113,978 shares of the company’s stock worth $2,222,000 after acquiring an additional 25,120 shares during the period. Parametric Portfolio Associates LLC grew its position in Surgery Partners by 2.5% during the first quarter. Parametric Portfolio Associates LLC now owns 28,172 shares of the company’s stock worth $549,000 after buying an additional 689 shares during the period. American International Group Inc. grew its position in Surgery Partners by 7.1% during the first quarter. American International Group Inc. now owns 11,462 shares of the company’s stock worth $224,000 after buying an additional 759 shares during the period. Teachers Advisors LLC grew its position in Surgery Partners by 4.5% during the first quarter. Teachers Advisors LLC now owns 35,753 shares of the company’s stock worth $697,000 after buying an additional 1,544 shares during the period. Finally, Vanguard Group Inc. grew its position in Surgery Partners by 5.0% during the first quarter. Vanguard Group Inc. now owns 1,510,818 shares of the company’s stock worth $29,461,000 after buying an additional 72,121 shares during the period. Institutional investors and hedge funds own 37.13% of the company’s stock.

In other news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $19.00, for a total value of $502,657,369.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.60% of the stock is owned by corporate insiders.

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Shares of Surgery Partners, Inc. (NASDAQ SGRY) opened at $9.45 on Monday. The company has a market cap of $460.87, a P/E ratio of 63.00 and a beta of 1.92. Surgery Partners, Inc. has a 1 year low of $7.10 and a 1 year 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.

Several brokerages have weighed in on SGRY. Jefferies Group LLC lowered their target price on shares of Surgery Partners from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Bank of America Corporation lowered their target price on shares of Surgery Partners from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, October 9th. KeyCorp restated a “hold” rating on shares of Surgery Partners in a research report on Tuesday, October 31st. Royal Bank Of Canada restated a “buy” rating and set a $18.00 target price on shares of Surgery Partners in a research report on Sunday. Finally, Zacks Investment Research lowered shares of Surgery Partners from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.57.

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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