Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of Surgical Care Affiliates stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $41.64, for a total value of $303,638.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 40.84 on Wednesday. Surgical Care Affiliates Inc. has a one year low of $27.88 and a one year high of $52.79. The stock’s 50 day moving average price is $43.69 and its 200 day moving average price is $45.78. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 13.27 and a beta of 0.48.

Surgical Care Affiliates (NASDAQ:SCAI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share 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 company had revenue of $299.90 million for the quarter, compared to the consensus estimate of $289.67 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. Surgical Care Affiliates’s revenue was up 18.2% on a year-over-year basis. Equities analysts predict that Surgical Care Affiliates Inc. will post $1.97 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of SCAI. Riverhead Capital Management LLC purchased a new position in Surgical Care Affiliates during the first quarter worth $210,000. State Street Corp increased its position in Surgical Care Affiliates by 30.6% in the first quarter. State Street Corp now owns 577,831 shares of the company’s stock worth $26,745,000 after buying an additional 135,280 shares in the last quarter. Cupps Capital Management LLC purchased a new position in Surgical Care Affiliates during the first quarter worth $5,458,000. Spark Investment Management LLC increased its position in Surgical Care Affiliates by 677.6% in the first quarter. Spark Investment Management LLC now owns 90,200 shares of the company’s stock worth $4,174,000 after buying an additional 78,600 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Surgical Care Affiliates during the first quarter worth $280,000. 99.52% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on SCAI. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Saturday. Jefferies Group boosted their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Barclays PLC reissued a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. Finally, Goldman Sachs Group Inc. lowered Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. 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 target price of $49.60.

Surgical Care Affiliates Company Profile

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.

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