Trade Report: Today, State of Wisconsin Investment Board Raises Stake in Surgical Care Affiliates Inc. (SCAI)

Today, State of Wisconsin Investment Board Raises Stake in Surgical Care Affiliates Inc. (SCAI)

State of Wisconsin Investment Board boosted its position in Surgical Care Affiliates Inc. (NASDAQ:SCAI) by 158.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,081 shares of the company’s stock after buying an additional 60,774 shares during the period. State of Wisconsin Investment Board owned 0.25% of Surgical Care Affiliates worth $4,831,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Surgical Care Affiliates by 79.0% in the third quarter. Wells Fargo & Company MN now owns 2,250,676 shares of the company’s stock worth $109,743,000 after buying an additional 993,464 shares during the period. Columbus Circle Investors increased its stake in shares of Surgical Care Affiliates by 60.1% in the second quarter. Columbus Circle Investors now owns 454,126 shares of the company’s stock valued at $21,648,000 after buying an additional 170,404 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Surgical Care Affiliates by 9.9% in the second quarter. BlackRock Fund Advisors now owns 1,830,084 shares of the company’s stock valued at $87,240,000 after buying an additional 165,012 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Surgical Care Affiliates by 161.6% in the second quarter. Acadian Asset Management LLC now owns 250,837 shares of the company’s stock valued at $11,956,000 after buying an additional 154,964 shares during the last quarter. Finally, Congress Asset Management Co. MA bought a new stake in shares of Surgical Care Affiliates during the second quarter valued at approximately $7,221,000.

Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded up 0.97% during midday trading on Friday, hitting $44.62. The company had a trading volume of 32,404 shares. The company’s 50 day moving average is $43.97 and its 200 day moving average is $45.41. Surgical Care Affiliates Inc. has a one year low of $35.15 and a one year high of $52.79. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 80.98 and a beta of 0.54.

Surgical Care Affiliates (NASDAQ:SCAI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.06. Surgical Care Affiliates had a net margin of 1.88% and a return on equity of 7.00%. The business had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $309.11 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. Equities analysts forecast that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the company. Jefferies Group raised their target price on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, SunTrust Banks Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a report on Thursday, September 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Surgical Care Affiliates presently has an average rating of “Hold” and a consensus price target of $49.60.

In other news, CEO Andrew P. Hayek sold 7,292 shares of Surgical Care Affiliates stock in a transaction on Monday, August 29th. The stock was sold at an average price of $41.39, for a total transaction of $301,815.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael A. Rucker sold 17,500 shares of Surgical Care Affiliates stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $42.56, for a total value of $744,800.00. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

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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