Surgery Partners Inc (NASDAQ: SGRY) is -12.69% lower on its value in year-to-date trading and has touched a low of $22.05 and a high of $37.83 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 $27.85 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $27.93, the stock is -6.09% and 3.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 0.29% at the moment leaves the stock -3.44% off its SMA200. SGRY registered -16.75% loss for a year compared to 6-month loss of -15.08%.
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The stock witnessed a -1.45% gain in the last 1 month and extending the period to 3 months gives it a 9.96%, and is -4.15% 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 3.04% over the week and 5.01% over the month.
Surgery Partners Inc (SGRY) has around 13500 employees, a market worth around $3.55B and $2.89B in sales. Fwd P/E is 21.84. Profit margin for the company is -1.17%. Distance from 52-week low is 26.67% and -26.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.64%).
The EPS is expected to grow by 3.14% this year
262.0 institutions hold shares in Surgery Partners Inc (SGRY), with institutional investors hold 114.34% of the company’s shares. The shares outstanding are 126.59M, and float is at 70.84M with Short Float at 15.46%. Institutions hold 113.11% of the Float.
The top institutional shareholder in the company is BAIN CAPITAL INVESTORS LLC with over 49.95 million shares valued at $1.49 billion. The investor’s holdings represent 39.7626 of the SGRY Shares outstanding. As of 2024-03-31, the second largest holder is FMR LLC with 18.99 million shares valued at $566.5 million to account for 15.1185 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 10.11 million shares representing 8.05 and valued at over $301.64 million, while VANGUARD GROUP INC holds 5.954 of the shares totaling 7.48 million with a market value of $223.1 million.
Surgery Partners Inc (SGRY) Insider Activity
The most recent transaction is an insider sale by Burkhalter Danielle, the company’s Chief Human Resources Officer. SEC filings show that Burkhalter Danielle sold 6,000 shares of the company’s common stock on Jun 12 ’24 at a price of $26.39 per share for a total of $0.16 million. Following the sale, the insider now owns 30354.0 shares.
Surgery Partners Inc disclosed in a document filed with the SEC on May 31 ’24 that Owens Bradley R. (National Group President) sold a total of 6,000 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $27.65 per share for $0.17 million. Following the transaction, the insider now directly holds 72338.0 shares of the SGRY stock.
Still, SEC filings show that on Mar 14 ’24, Doherty David T (Chief Financial Officer) disposed off 721 shares at an average price of $28.59 for $20613.0. The insider now directly holds 95,719 shares of Surgery Partners Inc (SGRY).
