Surgical Care Affiliates Inc. (NASDAQ:SCAI)’s share price was down 2.7% during mid-day trading on Tuesday . The stock traded as low as $40.45 and last traded at $40.45, with a volume of 97,999 shares traded. The stock had previously closed at $41.58.

Several equities analysts have recently issued reports on SCAI shares. Goldman Sachs Group Inc. lowered Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Barclays PLC restated a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Finally, Jefferies Group boosted their target price 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.60.

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.27 and a beta of 0.48. The stock’s 50-day moving average is $43.98 and its 200 day moving average is $45.79.

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Surgical Care Affiliates (NASDAQ:SCAI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $299.90 million for the quarter, compared to analyst estimates of $289.67 million. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. Surgical Care Affiliates’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that Surgical Care Affiliates Inc. will post $1.97 earnings per share for the current fiscal year.

In related news, COO Michael A. Rucker sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $47.35, for a total value of $828,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew P. Hayek sold 12,240 shares of the firm’s stock in a transaction dated 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. 3.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in SCAI. PineBridge Investments L.P. raised its stake in Surgical Care Affiliates by 4.5% in the second quarter. PineBridge Investments L.P. now owns 3,450 shares of the company’s stock valued at $165,000 after buying an additional 147 shares during the period. Teacher Retirement System of Texas raised its stake in Surgical Care Affiliates by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,892 shares of the company’s stock valued at $186,000 after buying an additional 469 shares during the period. BlackRock Inc. raised its stake in Surgical Care Affiliates by 119.8% in the second quarter. BlackRock Inc. now owns 4,135 shares of the company’s stock valued at $197,000 after buying an additional 2,254 shares during the period. Citadel Advisors LLC acquired a new stake in Surgical Care Affiliates during the second quarter valued at $204,000. Finally, Riverhead Capital Management LLC acquired a new stake in Surgical Care Affiliates during the first quarter valued at $210,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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

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