Surgical Care Affiliates Inc. (SCAI) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its position in Surgical Care Affiliates Inc. (NASDAQ:SCAI) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,374 shares of the company’s stock after buying an additional 2,093 shares during the period. Great West Life Assurance Co. Can owned about 0.09% of Surgical Care Affiliates worth $1,821,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Columbus Circle Investors raised its stake in shares of 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. First Trust Advisors LP bought a new stake in shares of Surgical Care Affiliates during the second quarter worth about $1,751,000. First Mercantile Trust Co. raised its stake in shares of Surgical Care Affiliates by 28.3% in the second quarter. First Mercantile Trust Co. now owns 11,200 shares of the company’s stock worth $534,000 after buying an additional 2,470 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Surgical Care Affiliates during the second quarter worth about $2,045,000. Finally, Bank of Montreal Can bought a new stake in shares of Surgical Care Affiliates during the second quarter worth about $2,016,000.
Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded down 3.77% during trading on Monday, hitting $42.94. 158,348 shares of the stock traded hands. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 77.93 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. The firm’s 50-day moving average price is $43.84 and its 200-day moving average price is $45.42.
Surgical Care Affiliates (NASDAQ:SCAI) last announced its earnings results on Tuesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $322.80 million for the quarter, compared to the consensus estimate of $309.11 million. Surgical Care Affiliates had a return on equity of 7.00% and a net margin of 1.88%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current year.
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A number of analysts recently issued reports on SCAI shares. Zacks Investment Research upgraded shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. SunTrust Banks Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Finally, Jefferies Group boosted their target price on shares of 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 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 a consensus price target of $49.60.
In other Surgical Care Affiliates news, CEO Andrew P. Hayek sold 7,292 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $42.50, for a total transaction of $309,910.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew P. Hayek sold 3,922 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $47.42, for a total value of $185,981.24. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
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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