Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 48.36 on Tuesday. The company has a 50-day moving average price of $43.25 and a 200 day moving average price of $46.02. Surgical Care Affiliates Inc. has a one year low of $27.88 and a one year high of $52.79. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 15.71 and a beta of 0.43.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $299.90 million for the quarter, compared to the consensus estimate of $289.67 million. Surgical Care Affiliates had a net margin of 11.20% and a return on equity of 8.18%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, analysts forecast that Surgical Care Affiliates Inc. will post $1.97 EPS for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. Barclays PLC reissued a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. SunTrust Banks Inc. reissued a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. Jefferies Group boosted 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. Finally, Goldman Sachs Group Inc. lowered Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Four investment 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 a consensus price target of $49.60.
A number of institutional investors have recently bought and sold shares of the company. PineBridge Investments L.P. increased its position 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 valued at $165,000 after buying an additional 147 shares during the last quarter. Teacher Retirement System of Texas increased its position 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 valued at $186,000 after buying an additional 469 shares during the last quarter. BlackRock Inc. increased its position in Surgical Care Affiliates by 119.8% in the second quarter. BlackRock Inc. now owns 4,135 shares of the company’s stock valued at $197,000 after buying an additional 2,254 shares during the last quarter. Citadel Advisors LLC acquired a new position in Surgical Care Affiliates during the second quarter valued at approximately $204,000. Finally, Riverhead Capital Management LLC acquired a new position in Surgical Care Affiliates during the first quarter valued at approximately $210,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.
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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