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Insiders at Surgery Partners (SGRY) Make Significant Stock Sales

05/10/2021 18:23

10:20 PM EDT, 05/10/2021 (MT Newswires) -- A significant level of insider sales in Surgery Partners was revealed in form 4 documents filed with the SEC today. Two insiders -- Jennifer Baldock, Officer, and Thomas F Cowhey, Officer -- disposed of 78,597 shares in the company having a market value of approximately $4,093,951. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 39,299 shares per transaction.

Today's Insider Activity

Relative to its peers over the last 90 days, insider buy/sell trading at Surgery Partners is greater than the 16-company peer group average. Hospitals, Clinics & Primary Care Services peer group saw 8 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Surgery Partners insiders was also higher. Within the peer group there were 0 shares purchased and 41,800 shares sold with company insiders disposing of 5,225 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.