Surgical Care Affiliates Inc. (SCAI) CEO Sells $324,129.40 in Stock
Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the company’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $44.45, for a total transaction of $324,129.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 47.07 on Thursday. The company’s 50-day moving average is $43.15 and its 200 day moving average is $45.86. Surgical Care Affiliates Inc. has a 1-year low of $27.88 and a 1-year high of $52.79. The firm has a market capitalization of $1.89 billion, a PE ratio of 15.29 and a beta of 0.48.
Surgical Care Affiliates (NASDAQ:SCAI) last released its earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Surgical Care Affiliates had a net margin of 11.20% and a return on equity of 8.18%. The business earned $299.90 million during the quarter, compared to analysts’ expectations of $289.67 million. During the same period last year, the business earned $0.49 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that Surgical Care Affiliates Inc. will post $1.97 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in Surgical Care Affiliates by 147.5% in the first quarter. BlackRock Fund Advisors now owns 1,665,072 shares of the company’s stock worth $77,060,000 after buying an additional 992,347 shares during the period. TIAA CREF Investment Management LLC boosted its position in Surgical Care Affiliates by 334.0% in the first quarter. TIAA CREF Investment Management LLC now owns 641,079 shares of the company’s stock worth $29,669,000 after buying an additional 493,372 shares during the period. Columbus Circle Investors boosted its position in 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 during the period. Acadian Asset Management LLC boosted its position in Surgical Care Affiliates by 161.6% in the second quarter. Acadian Asset Management LLC now owns 250,837 shares of the company’s stock worth $11,956,000 after buying an additional 154,964 shares during the period. Finally, Congress Asset Management Co. MA bought a new position in Surgical Care Affiliates during the second quarter worth approximately $7,221,000. 99.52% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. Jefferies Group upped their price objective on shares of Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. downgraded shares of 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $49.60.
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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