Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 3,922 shares of Surgical Care Affiliates stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $47.42, for a total value of $185,981.24. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 46.73 on Monday. The stock has a market capitalization of $1.88 billion, a PE ratio of 15.18 and a beta of 0.43. Surgical Care Affiliates Inc. has a 52-week low of $27.88 and a 52-week high of $52.79. The stock has a 50 day moving average price of $44.24 and a 200-day moving average price of $46.22.

Surgical Care Affiliates (NASDAQ:SCAI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm earned $299.90 million during the quarter, compared to analysts’ expectations of $289.67 million. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities research analysts anticipate that Surgical Care Affiliates Inc. will post $1.97 EPS for the current fiscal year.

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

Several brokerages recently weighed in on SCAI. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. Goldman Sachs Group Inc. cut Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. SunTrust Banks Inc. restated a “buy” rating on shares of Surgical Care Affiliates in a research report on Thursday, September 22nd. Barclays PLC restated a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Finally, 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 research 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. Surgical Care Affiliates has a consensus rating of “Hold” and an average price target of $49.60.

Several hedge funds have recently made changes to their positions in SCAI. Texas Permanent School Fund purchased a new stake in shares of Surgical Care Affiliates during the first quarter worth about $1,006,000. Pacad Investment Ltd. boosted its stake in shares of Surgical Care Affiliates by 8.8% in the first quarter. Pacad Investment Ltd. now owns 6,200 shares of the company’s stock worth $287,000 after buying an additional 500 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of 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. Teachers Advisors Inc. boosted its stake in shares of Surgical Care Affiliates by 12.3% in the first quarter. Teachers Advisors Inc. now owns 44,557 shares of the company’s stock worth $2,062,000 after buying an additional 4,869 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Surgical Care Affiliates by 130.3% in the first quarter. Prudential Financial Inc. now owns 66,450 shares of the company’s stock worth $3,075,000 after buying an additional 37,600 shares during the period.

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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