State of New Jersey Common Pension Fund D Purchases Shares of 61,033 Surgery Partners, Inc. (NASDAQ:SGRY)

State of New Jersey Common Pension Fund D bought a new position in Surgery Partners, Inc. (NASDAQ:SGRY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 61,033 shares of the company’s stock, valued at approximately $1,968,000.

A number of other large investors also recently bought and sold shares of SGRY. Janus Henderson Group PLC increased its stake in Surgery Partners by 7,987.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,504,248 shares of the company’s stock valued at $74,701,000 after purchasing an additional 2,473,282 shares in the last quarter. Deerfield Management Company L.P. Series C grew its position in Surgery Partners by 47.7% during the second quarter. Deerfield Management Company L.P. Series C now owns 4,707,287 shares of the company’s stock valued at $111,986,000 after buying an additional 1,520,484 shares during the period. Point72 Asset Management L.P. bought a new stake in Surgery Partners during the second quarter valued at approximately $29,288,000. Dimensional Fund Advisors LP lifted its holdings in Surgery Partners by 26.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,801,091 shares of the company’s stock valued at $66,643,000 after purchasing an additional 589,499 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in Surgery Partners during the second quarter valued at approximately $12,299,000.

Analyst Ratings Changes

SGRY has been the topic of several research analyst reports. Macquarie lowered their target price on shares of Surgery Partners from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $43.00 price target on shares of Surgery Partners in a report on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and issued a $49.00 price target on shares of Surgery Partners in a report on Wednesday, August 7th. KeyCorp initiated coverage on shares of Surgery Partners in a research note on Friday, October 11th. They issued a “sector weight” rating for the company. Finally, Citigroup decreased their price target on shares of Surgery Partners from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.71.

Surgery Partners Price Performance

Shares of NASDAQ SGRY opened at $22.95 on Monday. The stock has a fifty day moving average price of $30.62 and a 200 day moving average price of $28.45. The company has a market cap of $2.92 billion, a PE ratio of -47.81, a P/E/G ratio of 16.86 and a beta of 2.76. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.80 and a quick ratio of 1.69. Surgery Partners, Inc. has a 1-year low of $22.25 and a 1-year high of $36.92.

Surgery Partners (NASDAQ:SGRY) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.19 earnings per share (EPS) 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 business had revenue of $770.40 million during the quarter, compared to analysts’ expectations of $768.99 million. During the same quarter in the previous year, the company posted $0.15 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Surgery Partners, Inc. will post 0.83 EPS for the current year.

Surgery Partners Company Profile

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.