Surgical Care Affiliates Inc. (NASDAQ:SCAI)‘s stock had its “buy” rating reaffirmed by stock analysts at SunTrust Banks Inc. in a note issued to investors on Thursday.

A number of other research analysts have also issued reports on SCAI. Goldman Sachs Group Inc. lowered shares of Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Wednesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Barclays PLC restated a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Finally, Jefferies Group upped their target price on shares of Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $49.60.

Analyst Recommendations for Surgical Care Affiliates (NASDAQ:SCAI)

Shares of Surgical Care Affiliates (NASDAQ:SCAI) traded up 0.483% during mid-day trading on Thursday, hitting $44.765. 134,418 shares of the stock were exchanged. The company has a 50-day moving average of $43.35 and a 200 day moving average of $45.75. Surgical Care Affiliates has a one year low of $27.88 and a one year high of $52.79. The stock has a market cap of $1.80 billion, a PE ratio of 14.544 and a beta of 0.48.

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

In other Surgical Care Affiliates news, CEO Andrew P. Hayek sold 7,292 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $49.61, for a total value of $361,756.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew P. Hayek sold 12,240 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $49.52, for a total transaction of $606,124.80. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in SCAI. PineBridge Investments L.P. increased its stake in shares of 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 during the period. Teacher Retirement System of Texas increased its stake in shares of 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 during the period. BlackRock Inc. increased its stake in shares of 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 during the period. Citadel Advisors LLC acquired a new stake in shares of Surgical Care Affiliates during the second quarter valued at about $204,000. Finally, Riverhead Capital Management LLC acquired a new stake in shares of Surgical Care Affiliates during the first quarter valued at about $210,000. 99.52% of the stock is currently owned by institutional investors.

About Surgical Care Affiliates

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.

5 Day Chart for NASDAQ:SCAI

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