Surgical Care Affiliates Inc. (SCAI) CEO Sells $185,981.24 in Stock
Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 3,922 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $47.42, for a total value of $185,981.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 46.47 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 15.10 and a beta of 0.44. Surgical Care Affiliates Inc. has a 52-week low of $27.88 and a 52-week high of $52.79. The company has a 50-day moving average of $44.09 and a 200-day moving average of $46.20.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. Surgical Care Affiliates had a net margin of 11.20% and a return on equity of 8.18%. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $289.67 million. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Surgical Care Affiliates Inc. will post $1.97 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the stock. Texas Permanent School Fund purchased a new stake in Surgical Care Affiliates during the first quarter worth approximately $1,006,000. Pacad Investment Ltd. raised its stake in Surgical Care Affiliates by 8.8% in the first quarter. Pacad Investment Ltd. now owns 6,200 shares of the company’s stock worth $287,000 after buying an additional 500 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Surgical Care Affiliates by 334.0% in the first quarter. TIAA CREF Investment Management LLC now owns 641,079 shares of the company’s stock worth $29,669,000 after buying an additional 493,372 shares in the last quarter. Teachers Advisors Inc. raised its stake in Surgical Care Affiliates by 12.3% in the first quarter. Teachers Advisors Inc. now owns 44,557 shares of the company’s stock worth $2,062,000 after buying an additional 4,869 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Surgical Care Affiliates by 130.3% in the first quarter. Prudential Financial Inc. now owns 66,450 shares of the company’s stock worth $3,075,000 after buying an additional 37,600 shares in the last quarter.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. SunTrust Banks Inc. reissued a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. 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 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. cut Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Surgical Care Affiliates currently has a consensus rating of “Hold” and an average target price of $49.60.
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.
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