Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $48.01, for a total value of $350,088.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded down 1.07% on Wednesday, hitting $47.04. The company’s stock had a trading volume of 307,062 shares. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 15.28 and a beta of 0.44. The firm has a 50 day moving average of $43.86 and a 200 day moving average of $46.20. Surgical Care Affiliates Inc. has a 12 month low of $27.88 and a 12 month high of $52.79.

Surgical Care Affiliates (NASDAQ:SCAI) last released its quarterly 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 company earned $299.90 million during 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%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. Equities research analysts forecast that Surgical Care Affiliates Inc. will post $1.97 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Surgical Care Affiliates (NASDAQ:SCAI)

A number of research analysts recently issued reports on the company. Barclays PLC restated a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. Jefferies Group boosted their price target on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. downgraded Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, SunTrust Banks Inc. restated a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Surgical Care Affiliates currently has an average rating of “Hold” and a consensus price target of $49.60.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCAI. BlackRock Fund Advisors raised 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 valued at $77,060,000 after buying an additional 992,347 shares in the last quarter. TIAA CREF Investment Management LLC raised 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 valued at $29,669,000 after buying an additional 493,372 shares in the last quarter. Columbus Circle Investors raised 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 valued at $21,648,000 after buying an additional 170,404 shares in the last quarter. Acadian Asset Management LLC raised 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 valued at $11,956,000 after buying an additional 154,964 shares in the last quarter. Finally, Congress Asset Management Co. MA bought a new position in Surgical Care Affiliates during the second quarter valued at approximately $7,221,000.

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.

5 Day Chart for NASDAQ:SCAI

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