Inspire Investing LLC Grows Holdings in Surgery Partners, Inc. (NASDAQ:SGRY)

Inspire Investing LLC grew its position in Surgery Partners, Inc. (NASDAQ:SGRY) by 24.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,071 shares of the company’s stock after acquiring an additional 2,938 shares during the period. Inspire Investing LLC’s holdings in Surgery Partners were worth $359,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hsbc Holdings PLC increased its stake in shares of Surgery Partners by 480.7% in the 2nd quarter. Hsbc Holdings PLC now owns 50,267 shares of the company’s stock valued at $1,184,000 after purchasing an additional 41,611 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Surgery Partners by 26.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,801,091 shares of the company’s stock worth $66,643,000 after buying an additional 589,499 shares during the period. Arizona State Retirement System lifted its position in shares of Surgery Partners by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,494 shares of the company’s stock valued at $464,000 after buying an additional 359 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in Surgery Partners in the 2nd quarter valued at $12,299,000. Finally, Wolverine Asset Management LLC purchased a new stake in Surgery Partners in the 2nd quarter worth $552,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SGRY. Citigroup decreased 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. Benchmark reiterated a “buy” rating and issued a $50.00 price objective on shares of Surgery Partners in a report on Monday, August 26th. StockNews.com cut Surgery Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Macquarie started coverage on Surgery Partners in a research note on Friday, June 28th. They issued an “outperform” rating and a $31.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $43.00 price target on shares of Surgery Partners in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.86.

Surgery Partners Stock Performance

Shares of Surgery Partners stock opened at $32.57 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.69 and a current ratio of 1.83. The business’s 50 day moving average price is $30.22 and its 200 day moving average price is $27.56. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 2.44 and a beta of 2.76. Surgery Partners, Inc. has a one year low of $22.05 and a one year high of $36.92.

Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Surgery Partners had a negative net margin of 1.17% and a positive return on equity of 2.96%. The firm had revenue of $762.10 million for the quarter, compared to analysts’ expectations of $735.94 million. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. On average, research analysts predict that Surgery Partners, Inc. will post 0.86 EPS for the current 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.