KBC Group NV Raises Holdings in Surgery Partners, Inc. (NASDAQ:SGRY)

KBC Group NV lifted its holdings in Surgery Partners, Inc. (NASDAQ:SGRY) by 31.8% in the 3rd quarter, Holdings Channel reports. The firm 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in Surgery Partners by 102.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,723 shares of the company’s stock worth $80,000 after buying an additional 1,375 shares in the last quarter. Quarry LP boosted its holdings in shares of Surgery Partners by 133.1% during the 2nd quarter. Quarry LP now owns 3,082 shares of the company’s stock valued at $73,000 after acquiring an additional 1,760 shares during the last quarter. Creative Planning bought a new stake in shares of Surgery Partners in the third quarter worth approximately $258,000. Versor Investments LP bought a new position in Surgery Partners during the third quarter valued at approximately $271,000. Finally, MeadowBrook Investment Advisors LLC lifted its position in Surgery Partners by 15.9% during the second 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.

Surgery Partners Trading Down 1.5 %

Surgery Partners stock opened at $23.01 on Friday. Surgery Partners, Inc. has a 12-month low of $21.36 and a 12-month high of $36.92. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -48.67, a P/E/G ratio of 16.71 and a beta of 2.76. The firm has a 50 day moving average of $30.02 and a 200 day moving average of $28.37. The company has a current ratio of 1.80, a quick ratio of 1.66 and a debt-to-equity ratio of 0.99.

Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company earned $0.15 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts predict that Surgery Partners, Inc. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SGRY. Royal Bank of Canada decreased their target price on shares of Surgery Partners from $49.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $43.00 price objective on shares of Surgery Partners in a research report on Friday, October 4th. Benchmark reissued a “buy” rating and issued a $50.00 target price on shares of Surgery Partners in a research report on Monday, August 26th. Macquarie reaffirmed an “outperform” rating and set a $34.00 price target on shares of Surgery Partners in a research report on Tuesday. Finally, Citigroup dropped their price objective on shares of Surgery Partners from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.71.

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.