Tuesday, September 05, 2017 10:15 PM ET
Significant Insider Selling Reported in Shares of Surgery Partners (SGRY)
A filing with the SEC today disclosed a significant insider sale of Surgery Partners shares as — HIG Surgery Centers Llc, 10% Owner — sold 26,455,651 shares in the company having a market value of approximately $502,657,369. This is the first insider buy/sell trade in the past 90 days.
Over the last 90 days, the number of insider buy/sell trades at Surgery Partners is below the 15-company peer group average. Hospitals, Clinics & Primary Care Services peer group saw 23 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares per buy/sell trade for Surgery Partners is higher. Within the peer group there were 0 shares purchased and 1,123,699 shares sold with company insiders disposing of 48,856 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to evaluate and write this story.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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