Surgery Partners Inc (NASDAQ: SGRY) is -18.91% lower on its value in year-to-date trading and has touched a low of $22.05 and a high of $45.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SGRY stock was last observed hovering at around $26.26 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $25.94, the stock is -7.85% and -14.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -1.22% at the moment leaves the stock -19.46% off its SMA200. SGRY registered -28.83% loss for a year compared to 6-month gain of -7.88%. The firm has a 50-day simple moving average (SMA 50) of $2.24 and a 200-day simple moving average (SMA200) of $13.79.
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The stock witnessed a -12.72% loss in the last 1 month and extending the period to 3 months gives it a -21.11%, and is -4.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.05% over the week and 3.26% over the month.
Surgery Partners Inc (SGRY) has around 13500 employees, a market worth around $3.28B and $2.74B in sales. Fwd P/E is 20.27. Profit margin for the company is -0.43%. Distance from 52-week low is 17.64% and -43.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.24%).
Surgery Partners Inc quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $699.34M over the same period.The EPS is expected to shrink by -0.40% this year, but quarterly earnings will post 9.60% year-over-year. Quarterly sales are estimated to grow 5.00% in year-over-year returns.
257 institutions hold shares in Surgery Partners Inc (SGRY), with institutional investors hold 108.94% of the company’s shares. The shares outstanding are 126.59M, and float is at 72.99M with Short Float at 11.34%. Institutions hold 107.62% of the Float.
The top institutional shareholder in the company is Bain Capital Investors, LLC with over 58.25 million shares valued at $2.62 billion. The investor’s holdings represent 46.05% of the SGRY Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 18.96 million shares valued at $852.91 million to account for 14.99% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.78 million shares representing 5.36% and valued at over $304.95 million, while Wellington Management Group, LLP holds 5.15% of the shares totaling 6.51 million with a market value of $292.94 million.
Surgery Partners Inc (SGRY) Insider Activity
The most recent transaction is an insider sale by Doherty David T, the company’s Chief Financial Officer. SEC filings show that Doherty David T sold 721 shares of the company’s common stock on Mar 14 ’24 at a price of $28.59 per share for a total of $20613.0. Following the sale, the insider now owns 95719.0 shares.
Surgery Partners Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Evans Jason Eric (Chief Executive Officer) sold a total of 4,840 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $29.71 per share for $0.14 million. Following the transaction, the insider now directly holds 0.46 million shares of the SGRY stock.
Still, SEC filings show that on Mar 12 ’24, Owens Bradley R. (National Group President) disposed off 2,783 shares at an average price of $29.82 for $82989.0. The insider now directly holds 78,338 shares of Surgery Partners Inc (SGRY).
