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.

Insider Buying and Selling by Quarter for Surgical Care Affiliates (NASDAQ:SCAI)

TRADEMARK VIOLATION NOTICE: “Andrew P. Hayek Sells 7,292 Shares of Surgical Care Affiliates Inc. (SCAI) Stock” was published by Financial Market News and is the propert of of Financial Market News. If you are accessing this report on another site, it was stolen and reposted in violation of United States and international copyright law. The original version of this report can be read at http://www.financial-market-news.com/andrew-p-hayek-sells-7292-shares-of-surgical-care-affiliates-inc-scai-stock/1212124/.

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.

5 Day Chart for NASDAQ:SCAI

Receive News & Ratings for Surgical Care Affiliates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surgical Care Affiliates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.