Surgical Care Affiliates Inc. (SCAI) CEO Andrew P. Hayek Sells 7,292 Shares

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.

Insider Buying and Selling by Quarter for Surgical Care Affiliates (NASDAQ:SCAI)

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.

ILLEGAL ACTIVITY WARNING: This report was first posted by Mideast Time and is the propert of of Mideast Time. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this report can be accessed at http://www.mideasttime.com/surgical-care-affiliates-inc-scai-ceo-andrew-p-hayek-sells-7292-shares-2/1416520.html. <div

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.

5 Day Chart for NASDAQ:SCAI

Receive News & Ratings for Surgical Care Affiliates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surgical Care Affiliates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2016 Mideast Time.