Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of Surgical Care Affiliates stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $42.01, for a total value of $306,336.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded up 0.12% during midday trading on Tuesday, hitting $42.41. The company had a trading volume of 37,633 shares. The company has a market capitalization of $1.71 billion, a P/E ratio of 76.97 and a beta of 0.54. Surgical Care Affiliates Inc. has a 52 week low of $34.99 and a 52 week high of $52.79. The stock has a 50 day moving average price of $44.82 and a 200 day moving average price of $45.53.
Surgical Care Affiliates (NASDAQ:SCAI) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.06. Surgical Care Affiliates had a net margin of 1.88% and a return on equity of 7.00%. The company had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $309.11 million. During the same quarter last year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Equities analysts forecast that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of SCAI. Teachers Advisors Inc. increased its stake in shares of Surgical Care Affiliates by 12.3% in the first quarter. Teachers Advisors Inc. now owns 44,557 shares of the company’s stock worth $2,062,000 after buying an additional 4,869 shares during the period. State Street Corp increased its stake in shares of Surgical Care Affiliates by 30.6% in the first quarter. State Street Corp now owns 577,831 shares of the company’s stock valued at $26,745,000 after buying an additional 135,280 shares during the last quarter. Riverhead Capital Management LLC acquired a new stake in shares of Surgical Care Affiliates during the first quarter valued at $210,000. Goldman Sachs Group Inc. increased its stake in shares of Surgical Care Affiliates by 800.5% in the first quarter. Goldman Sachs Group Inc. now owns 61,828 shares of the company’s stock valued at $2,861,000 after buying an additional 54,962 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Surgical Care Affiliates by 12.1% in the first quarter. Geode Capital Management LLC now owns 288,354 shares of the company’s stock valued at $13,344,000 after buying an additional 31,152 shares during the last quarter.
A number of equities research analysts have recently weighed in on SCAI shares. Jefferies Group lifted their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. Finally, SunTrust Banks Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a research report on Thursday, September 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Surgical Care Affiliates currently has an average rating of “Hold” and a consensus target price of $49.60.
Surgical Care Affiliates Company Profile
Surgical Care Affiliates, Inc (Surgical Care Affiliates) is a provider of solutions to physicians and health systems. The Company operates a network of outpatient surgery facilities in the United States, which consists of over 190 ambulatory surgery centers (ASCs) and approximately seven surgical hospitals.
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