Surgical Care Affiliates Inc. (NASDAQ:SCAI) shares reached a new 52-week high during trading on Monday . The company traded as high as $51.96 and last traded at $51.58, with a volume of 143,184 shares changing hands. The stock had previously closed at $51.26.

A number of research analysts have commented on the company. Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Goldman Sachs Group Inc. lowered Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Surgical Care Affiliates presently has a consensus rating of “Hold” and an average price target of $45.67.

The firm has a 50-day moving average price of $47.76 and a 200-day moving average price of $44.72. The stock has a market cap of $2.07 billion and a PE ratio of 16.82.

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

In other news, CEO Andrew P. Hayek sold 13,468 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $45.04, for a total transaction of $606,598.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael A. Rucker sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were 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.

Several hedge funds and institutional investors have recently modified their holdings of the stock. Foresters Investment Management Company Inc. raised 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 worth $9,220,000 after buying an additional 99,000 shares during the last quarter. Dimensional Fund Advisors LP raised 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 worth $19,707,000 after buying an additional 104,404 shares during the last quarter. New York State Common Retirement Fund raised 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 worth $4,616,000 after buying an additional 19,734 shares during the last quarter. Bank of Montreal Can raised 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 worth $2,278,000 after buying an additional 48,613 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of 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 during 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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