Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $44.32, for a total value of $323,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded down 2.18% during trading on Tuesday, hitting $43.47. The stock had a trading volume of 225,014 shares. Surgical Care Affiliates Inc. has a one year low of $35.15 and a one year high of $52.79. The stock’s 50 day moving average price is $44.39 and its 200-day moving average price is $45.43. The stock has a market cap of $1.76 billion, a P/E ratio of 78.89 and a beta of 0.54.
Surgical Care Affiliates (NASDAQ:SCAI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.06. The firm had revenue of $322.80 million for the quarter, compared to analyst estimates of $309.11 million. Surgical Care Affiliates had a return on equity of 7.00% and a net margin of 1.88%. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. Analysts expect that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. SunTrust Banks Inc. reissued a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Finally, Jefferies Group boosted their price objective on shares of Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Surgical Care Affiliates currently has a consensus rating of “Hold” and a consensus price target of $49.60.
Hedge funds have recently made changes to their positions in the company. Columbus Circle Investors increased its stake in shares of Surgical Care Affiliates by 60.1% in the second quarter. Columbus Circle Investors now owns 454,126 shares of the company’s stock worth $21,648,000 after buying an additional 170,404 shares in the last quarter. 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 worth $2,861,000 after buying an additional 54,962 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Surgical Care Affiliates during the first quarter worth about $6,942,000. First Trust Advisors LP purchased a new stake in shares of Surgical Care Affiliates during the second quarter worth about $1,751,000. Finally, First Mercantile Trust Co. increased its stake in shares of Surgical Care Affiliates by 28.3% in the second quarter. First Mercantile Trust Co. now owns 11,200 shares of the company’s stock worth $534,000 after buying an additional 2,470 shares in the last quarter.
About Surgical Care Affiliates
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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