Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) hit a new 52-week high during trading on Tuesday . The stock 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.

SCAI has been the subject of several analyst reports. Barclays PLC restated a “buy” rating on shares of Surgical Care Affiliates in a report on Saturday, July 9th. Zacks Investment Research upgraded Surgical Care Affiliates from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Goldman Sachs Group Inc. cut Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Surgical Care Affiliates presently has a consensus rating of “Hold” and an average target price of $45.67.

The firm has a market cap of $2.05 billion and a price-to-earnings ratio of 16.67. The company’s 50-day moving average is $47.44 and its 200 day moving average is $44.59.

Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.35 by $0.29. The firm earned $279.70 million during the quarter, compared to analyst estimates of $271.29 million. Surgical Care Affiliates’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. On average, equities research analysts expect that Surgical Care Affiliates Inc. will post $2.06 earnings per share for the current year.

In related news, CEO Andrew P. Hayek sold 13,468 shares of Surgical Care Affiliates stock in a transaction on Monday, April 25th. The stock was sold at an average price of $48.17, for a total transaction of $648,753.56. Following the completion of the transaction, the chief executive officer now directly owns 54,545 shares of the company’s stock, valued at $2,627,432.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Michael A. Rucker sold 17,500 shares of Surgical Care Affiliates stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $47.35, for a total value of $828,625.00. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of SCAI. Foresters Investment Management Company Inc. boosted its position in shares of Surgical Care Affiliates by 74.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 231,600 shares of the company’s stock valued at $9,220,000 after buying an additional 99,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Surgical Care Affiliates by 26.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 495,020 shares of the company’s stock valued at $19,707,000 after buying an additional 104,404 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Surgical Care Affiliates by 80.3% in the fourth quarter. Schroder Investment Management Group now owns 673,900 shares of the company’s stock valued at $26,828,000 after buying an additional 300,200 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Surgical Care Affiliates by 564.7% in the fourth quarter. Bank of Montreal Can now owns 57,221 shares of the company’s stock valued at $2,278,000 after buying an additional 48,613 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of 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 valued at $4,616,000 after buying an additional 19,734 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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