Surgery Partners, Inc. (SGRY)Healthcare | Medical Care Facilities | Brentwood, United States | NasdaqGS
13.69 USD
-0.24
(-1.723%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 13.40 -0.29 (-0.290%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:15 a.m. EDT
The immediate outlook is clouded by a severe disconnect between the company's operational reality and its capital structure. Despite a recent surge in share price driven by a strategic asset sale and a pivot toward higher-acuity outpatient procedures, the balance sheet remains dangerously leveraged with debt-to-equity exceeding 117%. This leverage is unsustainable given the company's current profitability status, which still reports negative earnings per share and negative profit margins. The market appears to be pricing in a 'recovery' narrative based on the asset sale proceeds and improved gross margins, but the fundamental risk of dilution or distress remains high. On the short end, the heavy put open interest suggests traders are wary of a reversal if the asset sale proceeds do not translate quickly enough into cash flow. Long-term, the stock lacks a safety margin; while the business model is improving, the equity is currently being eroded by debt obligations, making it a speculative bet rather than a solid investment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.049642 |
| AutoARIMA | 0.053269 |
| AutoETS | 0.053269 |
| MSTL | 0.059492 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 44% |
| H-stat | 0.52 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.343 |
| Excess Kurtosis | -0.79 |
| Attribute | Value |
|---|---|
| Sector | Healthcare |
| Debt to Equity Ratio | 117.259 |
| Revenue per Share | 26.276 |
| Market Cap | 1,792,270,848 |
| Forward P/E | 21.82 |
| Beta | 1.94 |
| Profit Margins | -2.63% |
| Website | https://www.surgerypartners.com |
As of Aug. 22, 2026, 4:15 a.m. EDT: Speculators are positioning defensively with heavy put volume relative to calls, particularly in the 2026 and 2027 expirations where out-of-the-money puts dominate open interest. While there is some call activity at strikes significantly above the current price (e.g., $25), the overwhelming majority of open interest sits below the spot price, indicating a market expectation of further downside or a desire for cheap insurance against a drop.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.3830824 |
| Address1 | 340 Seven Springs Way |
| Address2 | Suite 600 |
| All Time High | 69.58 |
| All Time Low | 4.0 |
| Ask | 13.57 |
| Ask Size | 3 |
| Audit Risk | 9 |
| Average Daily Volume10 Day | 2,707,990 |
| Average Daily Volume3 Month | 1,751,125 |
| Average Volume | 1,751,125 |
| Average Volume10Days | 2,707,990 |
| Beta | 1.937 |
| Bid | 9.9 |
| Bid Size | 2 |
| Board Risk | 6 |
| Book Value | 12.883 |
| City | Brentwood |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 13.69 |
| Current Ratio | 1.946 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 13.98 |
| Day Low | 13.515 |
| Debt To Equity | 117.259 |
| Display Name | Surgery Partners |
| Earnings Call Timestamp End | 1,786,365,000 |
| Earnings Call Timestamp Start | 1,786,365,000 |
| Earnings Timestamp | 1,786,365,000 |
| Earnings Timestamp End | 1,794,227,400 |
| Earnings Timestamp Start | 1,794,227,400 |
| Ebitda | 646,400,000 |
| Ebitda Margins | 0.19202 |
| Enterprise To Ebitda | 11.485 |
| Enterprise To Revenue | 2.205 |
| Enterprise Value | 7,423,730,176 |
| Eps Current Year | 0.4857 |
| Eps Forward | 0.62727 |
| Eps Trailing Twelve Months | -0.68 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 615 234 5998 |
| Fifty Day Average | 15.45 |
| Fifty Day Average Change | -1.7600002 |
| Fifty Day Average Change Percent | -0.113915876 |
| Fifty Two Week Change Percent | -38.30824 |
| Fifty Two Week High | 23.44 |
| Fifty Two Week High Change | -9.750001 |
| Fifty Two Week High Change Percent | -0.41595566 |
| Fifty Two Week Low | 11.41 |
| Fifty Two Week Low Change | 2.2799997 |
| Fifty Two Week Low Change Percent | 0.19982469 |
| Fifty Two Week Range | 11.41 - 23.44 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,443,619,800,000 |
| Float Shares | 65,502,259 |
| Forward Eps | 0.62727 |
| Forward P E | 21.824732 |
| Free Cashflow | 183,562,496 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 16,000 |
| Fullday Change | -0.240001 |
| Fullday Change Percent | -1.72291 |
| Fullday Price | 13.4003 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.22514 |
| Gross Profits | 757,900,032 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01796 |
| Held Percent Institutions | 1.2174801 |
| Implied Shares Outstanding | 130,918,260 |
| Industry | Medical Care Facilities |
| Industry Disp | Medical Care Facilities |
| Industry Key | medical-care-facilities |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | 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. It offers emergency departments; ancillary services such as physician practices and diagnostic testing; multi-specialty physician practices; urgent care facilities; and anesthesia services. In addition, it offers single- and multi-specialty facilities. Surgery Partners, Inc. was founded in 2004 and is headquartered in Brentwood, Tennessee. |
| Long Name | Surgery Partners, Inc. |
| Market | us_market |
| Market Cap | 1,792,270,848 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_35623987 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -88,600,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,824,345,953 |
| Number Of Analyst Opinions | 11 |
| Open | 13.87 |
| Operating Cashflow | 258,000,000 |
| Operating Margins | 0.13724 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Phone | 615 234 5900 |
| Post Market Change | -0.28969955 |
| Post Market Change Percent | -2.11614 |
| Post Market Price | 13.4003 |
| Post Market Time | 1,787,959,805 |
| Previous Close | 13.93 |
| Price Eps Current Year | 28.186121 |
| Price Hint | 2 |
| Price To Book | 1.0626407 |
| Price To Sales Trailing12 Months | 0.5324157 |
| Profit Margins | -0.02632 |
| Quick Ratio | 1.44 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.240001 |
| Regular Market Change Percent | -1.72291 |
| Regular Market Day High | 13.98 |
| Regular Market Day Low | 13.515 |
| Regular Market Day Range | 13.515 - 13.98 |
| Regular Market Open | 13.87 |
| Regular Market Previous Close | 13.93 |
| Regular Market Price | 13.69 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 2,038,303 |
| Return On Assets | 0.03665 |
| Return On Equity | 0.023239998 |
| Revenue Growth | 0.027 |
| Revenue Per Share | 26.276 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Healthcare |
| Sector Disp | Healthcare |
| Sector Key | healthcare |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 130,918,260 |
| Shares Percent Shares Out | 0.096599996 |
| Shares Short | 12,652,439 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 14,803,675 |
| Short Name | Surgery Partners, Inc. |
| Short Percent Of Float | 0.1915 |
| Short Ratio | 6.91 |
| Source Interval | 15 |
| State | TN |
| Symbol | SGRY |
| Target High Price | 24.0 |
| Target Low Price | 14.0 |
| Target Mean Price | 18.72727 |
| Target Median Price | 19.0 |
| Total Cash | 216,700,000 |
| Total Cash Per Share | 1.671 |
| Total Debt | 4,067,000,064 |
| Total Revenue | 3,366,299,904 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.68 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 14.79595 |
| Two Hundred Day Average Change | -1.1059504 |
| Two Hundred Day Average Change Percent | -0.07474683 |
| Type Disp | Equity |
| Volume | 2,038,303 |
| Website | https://www.surgerypartners.com |
| Zip | 37,027 |