Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $46.34, for a total transaction of $337,911.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded down 2.20% during midday trading on Wednesday, reaching $46.60. 233,907 shares of the company’s stock were exchanged. Surgical Care Affiliates Inc. has a 1-year low of $27.88 and a 1-year high of $52.79. The company has a market capitalization of $1.87 billion, a PE ratio of 15.14 and a beta of 0.44. The firm has a 50-day moving average of $44.59 and a 200-day moving average of $46.23.

Surgical Care Affiliates (NASDAQ:SCAI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. The firm earned $299.90 million during the quarter, compared to analyst estimates of $289.67 million. During the same period in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts expect 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 hedge funds and other institutional investors have recently added to or reduced their stakes in SCAI. Invictus RG bought a new position in Surgical Care Affiliates during the first quarter valued at about $429,000. Geode Capital Management LLC raised its position in Surgical Care Affiliates by 12.1% in the first quarter. Geode Capital Management LLC now owns 288,354 shares of the company’s stock valued at $13,344,000 after buying an additional 31,152 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Surgical Care Affiliates by 95,262.5% in the first quarter. Loomis Sayles & Co. L P now owns 38,145 shares of the company’s stock valued at $1,765,000 after buying an additional 38,105 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Surgical Care Affiliates by 800.5% in the first quarter. Goldman Sachs Group Inc. now owns 61,828 shares of the company’s stock valued at $2,861,000 after buying an additional 54,962 shares in the last quarter. Finally, Riverhead Capital Management LLC bought a new position in Surgical Care Affiliates during the first quarter valued at about $210,000.

Several equities research analysts recently weighed in on SCAI shares. Zacks Investment Research downgraded shares of Surgical Care Affiliates from a “hold” rating to a “sell” rating in a report on Friday, September 9th. 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. 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, Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.60.

Surgical Care Affiliates Company Profile

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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