Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $43.47, for a total value of $316,983.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 42.88 on Wednesday. Surgical Care Affiliates Inc. has a 52 week low of $35.15 and a 52 week high of $52.79. The stock’s 50 day moving average price is $43.84 and its 200-day moving average price is $45.42. The company has a market cap of $1.73 billion, a PE ratio of 77.82 and a beta of 0.54.

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

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

WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/30/surgical-care-affiliates-inc-scai-ceo-andrew-p-hayek-sells-7292-shares-2.html.

SCAI has been the subject of several research analyst reports. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Jefferies Group upped their price target on Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research report on Thursday, September 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.60.

Institutional investors have recently modified their holdings of the company. Columbus Circle Investors increased its position 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. Great West Life Assurance Co. Can increased its stake in shares of Surgical Care Affiliates by 5.9% in the third quarter. Great West Life Assurance Co. Can now owns 37,374 shares of the company’s stock worth $1,821,000 after buying an additional 2,093 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Surgical Care Affiliates during the second quarter worth $1,751,000. Neuberger Berman Group LLC increased its stake in shares of Surgical Care Affiliates by 10.7% in the second quarter. Neuberger Berman Group LLC now owns 1,000,175 shares of the company’s stock worth $47,678,000 after buying an additional 96,600 shares during the last quarter. Finally, First Mercantile Trust Co. increased 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 last quarter.

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

Receive News & Stock Ratings for Surgical Care Affiliates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surgical Care Affiliates Inc. and related stocks with our FREE daily email newsletter.