Insider Selling: Surgical Care Affiliates COO Unloads 5,500 Shares of Stock (SCAI)
Surgical Care Affiliates (NASDAQ:SCAI) COO Michael A. Rucker sold 5,500 shares of Surgical Care Affiliates stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $29.64, for a total value of $163,020.00. Following the completion of the transaction, the chief operating officer now directly owns 30,934 shares in the company, valued at approximately $916,884. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Surgical Care Affiliates (NASDAQ:SCAI) traded down 1.93% during mid-day trading on Wednesday, hitting $29.04. The stock had a trading volume of 25,724 shares. Surgical Care Affiliates has a 1-year low of $25.50 and a 1-year high of $37.69. The stock’s 50-day moving average is $29.36 and its 200-day moving average is $29.73.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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, August 26th. They now have a $27.10 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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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