According to Zacks, “Surgical Care Affiliates Inc. operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments. It serves customers throughout the United States. Surgical Care Affiliates Inc. is based in United States. “
SCAI has been the subject of a number of other reports. Goldman Sachs Group Inc. downgraded Surgical Care Affiliates from a buy rating to a neutral rating and set a $48.00 price target for the company. in a research note on Wednesday, June 22nd. They noted that the move was a valuation call. SunTrust Banks Inc. reaffirmed a buy rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Barclays PLC reissued a buy rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. Finally, Jefferies Group increased their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a hold rating in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $49.60.
Surgical Care Affiliates (NASDAQ:SCAI) opened at 48.15 on Wednesday. The firm has a market cap of $1.94 billion, a P/E ratio of 15.64 and a beta of 0.43. The company has a 50-day moving average of $43.69 and a 200 day moving average of $46.18. Surgical Care Affiliates has a 52 week low of $27.88 and a 52 week high of $52.79.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. The company earned $299.90 million during the quarter, compared to the consensus estimate of $289.67 million. During the same period last year, the business earned $0.49 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts predict that Surgical Care Affiliates will post $1.97 earnings per share for the current year.
In other Surgical Care Affiliates news, CEO Andrew P. Hayek sold 7,292 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $47.90, for a total value of $349,286.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew P. Hayek sold 990 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $51.13, for a total value of $50,618.70. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SCAI. PineBridge Investments L.P. raised its stake in 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 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 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 acquired a new stake in Surgical Care Affiliates during the second quarter worth about $204,000. Finally, Riverhead Capital Management LLC acquired a new stake in Surgical Care Affiliates during the first quarter worth about $210,000.
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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