Trading Report: Today, 3,922 Shares of Stock are sold by Surgical Care Affiliates Inc. (SCAI) CEO Andrew P. Hayek

Today, 3,922 Shares of Stock are sold by Surgical Care Affiliates Inc. (SCAI) CEO Andrew P. Hayek

Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 3,922 shares of the 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 legal filing with the SEC, which is available through the SEC website.

Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 46.73 on Monday. The company has a 50-day moving average price of $44.24 and a 200 day moving average price of $46.22. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.18 and a beta of 0.43. Surgical Care Affiliates Inc. has a 1-year low of $27.88 and a 1-year high of $52.79.

Surgical Care Affiliates (NASDAQ:SCAI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. The firm had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $289.67 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Surgical Care Affiliates Inc. will post $1.97 EPS for the current year.

A number of brokerages have recently issued reports on SCAI. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Saturday, September 3rd. Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research note on Saturday, July 9th. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Jefferies Group raised their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. downgraded Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research note on Wednesday, June 22nd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.60.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PineBridge Investments L.P. boosted its position 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. Teacher Retirement System of Texas boosted its position 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. BlackRock Inc. boosted its position in Surgical Care Affiliates by 119.8% in the second quarter. BlackRock Inc. now owns 4,135 shares of the company’s stock valued at $197,000 after buying an additional 2,254 shares in the last quarter. Citadel Advisors LLC bought a new position in Surgical Care Affiliates during the second quarter valued at about $204,000. Finally, Riverhead Capital Management LLC bought a new position in Surgical Care Affiliates during the first quarter valued at about $210,000.

About Surgical Care Affiliates

Related posts

Leave a Comment