Dimensional Fund Advisors LP increased its position in shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 881,142 shares of the company’s stock after buying an additional 124,467 shares during the period. Dimensional Fund Advisors LP owned 2.19% of Surgical Care Affiliates worth $42,004,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. 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 valued at $186,000 after buying an additional 469 shares in the last quarter. Riverhead Capital Management LLC acquired a new stake in Surgical Care Affiliates during the first quarter valued at approximately $210,000. M&T Bank Corp acquired a new stake in Surgical Care Affiliates during the first quarter valued at approximately $280,000. Pacad Investment Ltd. raised its stake in Surgical Care Affiliates by 8.8% in the first quarter. Pacad Investment Ltd. now owns 6,200 shares of the company’s stock valued at $287,000 after buying an additional 500 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Surgical Care Affiliates by 98.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,888 shares of the company’s stock valued at $424,000 after buying an additional 4,413 shares in the last quarter.
Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 46.73 on Friday. The stock has a market cap of $1.88 billion, a P/E ratio of 15.18 and a beta of 0.44. Surgical Care Affiliates Inc. has a 52-week low of $27.88 and a 52-week high of $52.79. The firm’s 50-day moving average is $44.24 and its 200 day moving average is $46.22.
Surgical Care Affiliates (NASDAQ:SCAI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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 net margin of 11.20% and a return on equity of 8.18%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Analysts forecast that Surgical Care Affiliates Inc. will post $1.97 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on SCAI shares. Goldman Sachs Group Inc. lowered shares of Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Jefferies Group lifted 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 report on Wednesday, August 3rd. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research report on Thursday, September 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $49.60.
In other news, CEO Andrew P. Hayek sold 7,292 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $41.39, for a total transaction of $301,815.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Michael A. Rucker sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $42.56, for a total transaction of $744,800.00. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
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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