Andrew P. Hayek Sells 7,292 Shares of Surgical Care Affiliates Inc. (SCAI) Stock
Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $43.47, for a total transaction of $316,983.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 42.05 on Thursday. Surgical Care Affiliates Inc. has a 12-month low of $35.15 and a 12-month high of $52.79. The stock has a 50 day moving average of $43.84 and a 200 day moving average of $45.42. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 76.32 and a beta of 0.54.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its earnings results on Tuesday, November 1st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The business earned $322.80 million during the quarter, compared to the consensus estimate of $309.11 million. Surgical Care Affiliates had a return on equity of 7.00% and a net margin of 1.88%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. Equities research analysts anticipate that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current year.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. SunTrust Banks Inc. reissued a “buy” rating on shares of Surgical Care Affiliates in a research report on Thursday, September 22nd. Finally, Jefferies Group boosted their target price on shares of 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.60.
Several hedge funds have recently bought and sold shares of SCAI. Victory Capital Management Inc. purchased a new stake in Surgical Care Affiliates during the third quarter valued at about $112,000. Acrospire Investment Management LLC increased its stake in Surgical Care Affiliates by 33.3% in the third quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $117,000 after buying an additional 600 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Surgical Care Affiliates during the third quarter valued at about $158,000. PineBridge Investments L.P. increased 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 in the last quarter. Finally, Teacher Retirement System of Texas increased 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 in the last quarter.
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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