Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $42.01, for a total value of $306,336.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 41.97 on Thursday. The firm has a 50 day moving average price of $44.66 and a 200-day moving average price of $45.46. The firm has a market capitalization of $1.70 billion, a P/E ratio of 76.17 and a beta of 0.54. Surgical Care Affiliates Inc. has a 52 week low of $35.15 and a 52 week high of $52.79.

Surgical Care Affiliates (NASDAQ:SCAI) last announced its earnings results on Tuesday, November 1st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.06. Surgical Care Affiliates had a net margin of 1.88% and a return on equity of 7.00%. The company earned $322.80 million during the quarter, compared to analysts’ expectations of $309.11 million. During the same quarter last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. Equities research analysts predict that Surgical Care Affiliates Inc. will post $1.87 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Credit Suisse AG increased its position in shares of Surgical Care Affiliates by 0.7% in the third quarter. Credit Suisse AG now owns 23,210 shares of the company’s stock valued at $1,132,000 after buying an additional 167 shares during the period. Eaton Vance Management bought a new position in shares of Surgical Care Affiliates during the third quarter valued at $2,689,000. Mackenzie Financial Corp increased its position in shares of Surgical Care Affiliates by 102.7% in the third quarter. Mackenzie Financial Corp now owns 79,799 shares of the company’s stock valued at $3,891,000 after buying an additional 40,429 shares during the period. Panagora Asset Management Inc. increased its position in shares of Surgical Care Affiliates by 140.3% in the third quarter. Panagora Asset Management Inc. now owns 24,285 shares of the company’s stock valued at $1,184,000 after buying an additional 14,178 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Surgical Care Affiliates during the third quarter valued at $902,000.

Several research analysts have recently weighed in on SCAI shares. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. SunTrust Banks Inc. reissued a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Finally, Jefferies Group increased their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price 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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