Great West Life Assurance Co. Can raised its stake in shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,374 shares of the company’s stock after buying an additional 2,093 shares during the period. Great West Life Assurance Co. Can’s holdings in Surgical Care Affiliates were worth $1,821,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SCAI. State Street Corp boosted its stake in Surgical Care Affiliates by 30.6% in the first quarter. State Street Corp now owns 577,831 shares of the company’s stock valued at $26,745,000 after buying an additional 135,280 shares in the last quarter. Riverhead Capital Management LLC purchased a new position in shares of Surgical Care Affiliates during the first quarter worth approximately $210,000. Geode Capital Management LLC raised its position in shares of Surgical Care Affiliates by 12.1% in the first quarter. Geode Capital Management LLC now owns 288,354 shares of the company’s stock worth $13,344,000 after buying an additional 31,152 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Surgical Care Affiliates by 98.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,888 shares of the company’s stock worth $424,000 after buying an additional 4,413 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position 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 worth $11,956,000 after buying an additional 154,964 shares during the last quarter.
Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded down 3.77% on Monday, reaching $42.94. The company’s stock had a trading volume of 158,348 shares. The company has a 50-day moving average price of $43.84 and a 200 day moving average price of $45.42. Surgical Care Affiliates Inc. has a 12 month low of $35.15 and a 12 month high of $52.79. The company has a market cap of $1.73 billion, a P/E ratio of 77.93 and a beta of 0.54.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The company had revenue of $322.80 million for the quarter, compared to analyst estimates of $309.11 million. Surgical Care Affiliates had a return on equity of 7.00% and a net margin of 1.88%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. On average, equities research analysts anticipate that Surgical Care Affiliates Inc. will post $1.87 EPS for the current fiscal year.
A number of research analysts recently commented on SCAI shares. SunTrust Banks Inc. restated a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Finally, Jefferies Group upped their target price 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Surgical Care Affiliates has a consensus rating of “Hold” and an average price target of $49.60.
In other news, COO Michael A. Rucker sold 17,500 shares of Surgical Care Affiliates stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $42.56, for a total transaction of $744,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew P. Hayek sold 7,292 shares of Surgical Care Affiliates stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $40.71, for a total value of $296,857.32. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
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.