Surgery Partners Inc. (SGRY): Analysis on simple moving average

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Surgery Partners Inc. (NASDAQ:SGRY) changes shares on Tuesday trading session, with a change of 3.46% or $0.53 shares. The trading starts at $15.22 and closed at $15.47 throughout the day. The trading session low price was $15.22 and day high was $16.3762 on Tuesday, August 04. After the session, the Healthcare sector daily volume shifted to 0.51 million while its average volume is 690.23K. In other hand, the SGRY market cap reached to $837.44M. While, its current target price is $17.58.

On May 11, 2020, BRIEF-Surgery Partners Reports Qtrly Adjusted Loss Per Share $0.34. According to the news reported on Reuters, * SURGERY PARTNERS, INC. ANNOUNCES FIRST QUARTER 2020 RESULTS

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.23% and up 35.94% for month. Its quarterly performance was 42.35% above, while its half year performance is down -9.81%. SGRY yearly performance stood at positive 138.10% and rise 2.20% for year-to-date. Current recommendation for Surgery Partners Inc. is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SGRY EPS (TTM) for 12-month is -2.70. EPS for this year is 53.80%, while for the next year its value is -0.26. Its EPS Q/Q reached -69.50%. It has an EPS of -10.80% down for past five years.

Let’s take a look on the analyst recommendations on SGRY for the current month and previous month. For the current month, 5 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 5 analysts participate in stock recommendation. Out of 5, 0 rated it sell, 5 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $14.00 – $21.00. Average target price for SGRY was reached at $17.58.

Bain Capital Investors, LLC, ClearBridge Investments, LLC and King Street Capital Management, LP are the top three holders in Surgery Partners Inc. (SGRY) stock. On Mar 30, 2020, Bain Capital Investors, LLC has 26.46 million shares which valued 172.76 million. On Mar 30, 2020, ClearBridge Investments, LLC owned 3.52 million shares which valued at 23.01 million. On Mar 30, 2020, King Street Capital Management, LP has a total of 1.91 million shares which valued at 12.46 million. In the end, King Street Capital Management, LP have 3.78% shares outstanding of Surgery Partners Inc. (SGRY) on Mar 30, 2020. The insider ownership moved to 2.20% and institutional holding shifted to 94.70%.

The company posted an EPS (TTM) of -2.70. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of -0.69, while -0.29 EPS posted a year ago period. Analyst Estimated EPS for SGRY published in the report was -$0.96 – -$0.41 during the same period. Comparing with last year, the average estimated EPS was -0.29 which is higher than -0.34 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SGRY rise 26.47% for period of 200 days. SMA for 50 days was 20.06% which is showing green signal, while SMA-20 was 13.15%. The moving average value for Surgery Partners Inc. (SGRY) is 3.04M and 7.25% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SGRY stock. On Sep 06, DeLuca Teresa, Director, bought 1,000 trading shares at the cost of $6.65, which valued at 6650.0. On Aug 20, Evans Jason Eric, EVP & Chief Operating Officer, bought 25,000 shares at the cost of $5.95, with total shares of 111,655. On Aug 19, COWHEY THOMAS F., Chief Financial Officer, bought 25,000 shares at the cost of 6.00. After this transaction, COWHEY THOMAS F. total shares reached to 71,928 which valued at 0.15 million.