Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) have received an average rating of “Hold” from the seven analysts that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $48.50.

SCAI has been the topic of a number of recent research reports. Zacks Investment Research cut Surgical Care Affiliates from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. Goldman Sachs Group Inc. cut Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Jefferies Group upped their price target on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th.

Shares of Surgical Care Affiliates (NASDAQ:SCAI) traded down 2.57% during mid-day trading on Tuesday, hitting $40.51. The stock had a trading volume of 141,477 shares. Surgical Care Affiliates has a 12 month low of $27.88 and a 12 month high of $52.79. The firm has a 50 day moving average price of $43.98 and a 200-day moving average price of $45.79. The stock has a market cap of $1.63 billion, a P/E ratio of 13.16 and a beta of 0.48.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/surgical-care-affiliates-inc-nasdaqscai-receives-consensus-rating-of-hold-from-brokerages.html

Surgical Care Affiliates (NASDAQ:SCAI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. The firm had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $289.67 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Surgical Care Affiliates will post $1.97 EPS for the current year.

In related news, COO Michael A. Rucker sold 17,500 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $47.35, for a total transaction of $828,625.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew P. Hayek sold 12,240 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $49.52, for a total value of $606,124.80. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SCAI. Vanguard Group Inc. raised its stake in Surgical Care Affiliates by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,277,166 shares of the company’s stock worth $108,553,000 after buying an additional 98,094 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Surgical Care Affiliates by 9.9% in the second quarter. BlackRock Fund Advisors now owns 1,830,084 shares of the company’s stock worth $87,240,000 after buying an additional 165,012 shares in the last quarter. Neuberger Berman Group LLC raised its position 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Surgical Care Affiliates by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 881,142 shares of the company’s stock worth $42,004,000 after buying an additional 124,467 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Surgical Care Affiliates by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 677,153 shares of the company’s stock worth $32,280,000 after buying an additional 5,021 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

About Surgical Care Affiliates

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.