Neuberger Berman Group LLC Has $76,642,000 Stake in Surgical Care Affiliates Inc. (SCAI)
Neuberger Berman Group LLC boosted its position in Surgical Care Affiliates Inc. (NASDAQ:SCAI) by 57.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,571,817 shares of the company’s stock after buying an additional 571,642 shares during the period. Neuberger Berman Group LLC owned about 3.91% of Surgical Care Affiliates worth $76,642,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. PineBridge Investments L.P. increased its position in Surgical Care Affiliates by 4.5% in the second quarter. PineBridge Investments L.P. now owns 3,450 shares of the company’s stock valued at $165,000 after buying an additional 147 shares in the last quarter. Teacher Retirement System of Texas increased its position in Surgical Care Affiliates by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,892 shares of the company’s stock valued at $186,000 after buying an additional 469 shares in the last quarter. BlackRock Inc. increased its position in Surgical Care Affiliates by 119.8% in the second quarter. BlackRock Inc. now owns 4,135 shares of the company’s stock valued at $197,000 after buying an additional 2,254 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Surgical Care Affiliates during the third quarter valued at about $203,000. Finally, Citadel Advisors LLC bought a new position in Surgical Care Affiliates during the second quarter valued at about $204,000.
Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 42.94 on Tuesday. Surgical Care Affiliates Inc. has a 12-month low of $35.15 and a 12-month high of $52.79. The stock has a market capitalization of $1.73 billion, a PE ratio of 77.93 and a beta of 0.54. The company’s 50-day moving average is $43.84 and its 200 day moving average is $45.42.
Surgical Care Affiliates (NASDAQ:SCAI) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The company had revenue of $322.80 million for the quarter, compared to analyst estimates of $309.11 million. Surgical Care Affiliates had a return on equity of 7.00% and a net margin of 1.88%. Surgical Care Affiliates’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. On average, analysts predict that Surgical Care Affiliates Inc. will post $1.87 EPS for the current year.
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A number of equities research analysts have recently commented on SCAI shares. Zacks Investment Research raised shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. Finally, Jefferies Group upped their target price on shares of Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Surgical Care Affiliates presently 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 3,924 shares of the firm’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $46.56, for a total transaction of $182,701.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew P. Hayek sold 7,292 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $42.50, for a total transaction of $309,910.00. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
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.
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