Insider Selling: Surgical Care Affiliates General Counsel Sells 1,289 Shares of Stock (SCAI)
Surgical Care Affiliates (NASDAQ:SCAI) General Counsel Richard L. Jr. Sharff unloaded 1,289 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.06, for a total transaction of $38,747.34. Following the completion of the sale, the general counsel now directly owns 16,793 shares of the company’s stock, valued at approximately $504,798. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Surgical Care Affiliates (NASDAQ:SCAI) traded down 0.40% during mid-day trading on Wednesday, hitting $29.70. The stock had a trading volume of 28,598 shares. 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 $29.29 and a 200-day moving average of $29.76.
Surgical Care Affiliates (NASDAQ:SCAI) last released its earnings data on Wednesday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. Analysts expect that Surgical Care Affiliates will post $1.35 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Surgical Care Affiliates from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $27.10 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.35.
Surgical Care Affiliates,Inc operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments.
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