Shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) reached a new 52-week high on Tuesday . The company traded as high as $51.13 and last traded at $50.35, with a volume of 151,162 shares traded. The stock had previously closed at $49.54.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. cut Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Barclays PLC reissued a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.67.

The stock has a market capitalization of $2.00 billion and a P/E ratio of 16.26. The company has a 50 day moving average price of $47.17 and a 200 day moving average price of $44.50.

Surgical Care Affiliates (NASDAQ:SCAI) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.29. During the same quarter last year, the business earned $0.39 EPS. The business earned $279.70 million during the quarter, compared to the consensus estimate of $271.29 million. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts forecast that Surgical Care Affiliates Inc will post $2.06 earnings per share for the current year.

In other news, COO Michael A. Rucker sold 17,500 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $45.39, for a total transaction of $794,325.00. Following the sale, the chief operating officer now owns 98,852 shares of the company’s stock, valued at $4,486,892.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew P. Hayek sold 13,468 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $45.04, for a total value of $606,598.72. The disclosure for this sale can be found here.

Several hedge funds recently bought and sold shares of SCAI. California State Teachers Retirement System raised its stake in Surgical Care Affiliates by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 39,845 shares of the company’s stock worth $1,586,000 after buying an additional 642 shares in the last quarter. Sei Investments Co. raised its stake in Surgical Care Affiliates by 64.4% in the fourth quarter. Sei Investments Co. now owns 89,500 shares of the company’s stock worth $3,563,000 after buying an additional 35,060 shares in the last quarter. New York State Common Retirement Fund raised its stake in Surgical Care Affiliates by 20.5% in the fourth quarter. New York State Common Retirement Fund now owns 115,953 shares of the company’s stock worth $4,616,000 after buying an additional 19,734 shares in the last quarter. Bank of Montreal Can raised its stake in Surgical Care Affiliates by 564.7% in the fourth quarter. Bank of Montreal Can now owns 57,221 shares of the company’s stock worth $2,278,000 after buying an additional 48,613 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Surgical Care Affiliates by 80.3% in the fourth quarter. Schroder Investment Management Group now owns 673,900 shares of the company’s stock worth $26,828,000 after buying an additional 300,200 shares in the last quarter.

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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