Insider Selling: Surgical Care Affiliates Insider Unloads 20,000 Shares of Stock (SCAI)
Surgical Care Affiliates (NASDAQ:SCAI) Insider Joseph T. Clark unloaded 20,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $28.38, for a total value of $567,600.00. Following the transaction, the insider now directly owns 66,467 shares of the company’s stock, valued at approximately $1,886,333. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a research note on Tuesday, May 20th. They now have a $38.00 price target on the stock, down previously from $42.00. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Surgical Care Affiliates has an average rating of “Buy” and a consensus price target of $37.75.
Shares of Surgical Care Affiliates (NASDAQ:SCAI) traded up 1.22% on Thursday, hitting $28.32. 58,023 shares of the company’s stock traded hands. Surgical Care Affiliates has a 52-week low of $25.50 and a 52-week high of $37.69. The stock has a 50-day moving average of $28.69 and a 200-day moving average of $31.19.
Surgical Care Affiliates (NASDAQ:SCAI) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.15. The company had revenue of $196.00 million for the quarter, compared to the consensus estimate of $199.84 million. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that Surgical Care Affiliates will post $1.26 earnings per share for the current fiscal year.
Surgical Care Affiliates,Inc operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments.
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