Surgical Care Affiliates (SCAI) Getting Favorable Press Coverage, AlphaOne Reports
Media headlines about Surgical Care Affiliates (NASDAQ:SCAI) have trended positive recently, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Surgical Care Affiliates earned a daily sentiment score of 0.44 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 60 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Shares of Surgical Care Affiliates (NASDAQ:SCAI) remained flat at $55.87 during mid-day trading on Tuesday. Surgical Care Affiliates has a 52 week low of $37.51 and a 52 week high of $57.44. The company has a 50 day moving average price of $56.56 and a 200 day moving average price of $49.05.
SCAI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Surgical Care Affiliates from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 12th. Citigroup Inc initiated coverage on shares of Surgical Care Affiliates in a research note on Wednesday, January 4th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, SunTrust Banks, Inc. cut shares of Surgical Care Affiliates from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.50.
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In other news, CEO Andrew P. Hayek sold 3,124 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $56.63, for a total transaction of $176,912.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Richard L. Jr. Sharff sold 19,517 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $56.73, for a total value of $1,107,199.41. The disclosure for this sale can be found here. Insiders have sold a total of 35,137 shares of company stock worth $1,992,510 over the last three months. Insiders own 3.30% of the company’s stock.
About Surgical Care Affiliates
Surgical Care Affiliates, Inc is a provider of solutions to physicians, health plans and health systems to optimize surgical care. The Company offers tools and systems in the areas of clinical benchmarking, clinical best practices, operating efficiency, care coordination and supply chain management. As of December 31, 2016, the Company operated a network of surgical facilities in the United States, which included 197 ambulatory surgery centers (ASCs) and seven surgical hospitals in partnership with approximately 3,000 physician partners.
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