Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $44.45, for a total value of $324,129.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 47.00 on Friday. The company’s 50 day moving average price is $43.16 and its 200 day moving average price is $45.87. The stock has a market capitalization of $1.89 billion, a P/E ratio of 15.27 and a beta of 0.48. Surgical Care Affiliates Inc. has a one year low of $27.88 and a one year high of $52.79.
Surgical Care Affiliates (NASDAQ:SCAI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $289.67 million. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. Surgical Care Affiliates’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts expect that Surgical Care Affiliates Inc. will post $1.97 earnings per share for the current year.
A number of analysts have issued reports on SCAI shares. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. Jefferies Group raised their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Barclays PLC restated a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. SunTrust Banks Inc. restated a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. Finally, Goldman Sachs Group Inc. downgraded Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.60.
Large investors have recently made changes to their positions in the company. PineBridge Investments L.P. raised its stake in shares of Surgical Care Affiliates by 4.5% in the second quarter. PineBridge Investments L.P. now owns 3,450 shares of the company’s stock worth $165,000 after buying an additional 147 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Surgical Care Affiliates by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,892 shares of the company’s stock worth $186,000 after buying an additional 469 shares during the period. BlackRock Inc. raised its stake in shares of Surgical Care Affiliates by 119.8% in the second quarter. BlackRock Inc. now owns 4,135 shares of the company’s stock worth $197,000 after buying an additional 2,254 shares during the period. Citadel Advisors LLC bought a new stake in shares of Surgical Care Affiliates during the second quarter worth about $204,000. Finally, Riverhead Capital Management LLC bought a new stake in shares of Surgical Care Affiliates during the first quarter worth about $210,000. 99.52% of the stock is currently owned by institutional investors.
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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