Surgical Care Affiliates Inc. (NASDAQ:SCAI) CEO Andrew P. Hayek sold 7,292 shares of Surgical Care Affiliates stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $43.47, for a total value of $316,983.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Surgical Care Affiliates Inc. (NASDAQ:SCAI) opened at 42.88 on Wednesday. Surgical Care Affiliates Inc. has a 1-year low of $35.15 and a 1-year high of $52.79. The company’s 50 day moving average price is $43.84 and its 200-day moving average price is $45.42. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 77.82 and a beta of 0.54.

Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.06. Surgical Care Affiliates had a net margin of 1.88% and a return on equity of 7.00%. The company had revenue of $322.80 million for the quarter, compared to the consensus estimate of $309.11 million. During the same period last year, the business earned $0.46 EPS. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. On average, equities analysts forecast that Surgical Care Affiliates Inc. will post $1.87 earnings per share for the current year.

Insider Buying and Selling by Quarter for Surgical Care Affiliates (NASDAQ:SCAI)

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SCAI has been the topic of several research analyst reports. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Jefferies Group boosted their price objective on Surgical Care Affiliates from $45.00 to $49.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, SunTrust Banks Inc. reissued a “buy” rating on shares of Surgical Care Affiliates in a research report on Thursday, September 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Surgical Care Affiliates has an average rating of “Hold” and an average target price of $49.60.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Columbus Circle Investors raised its position in Surgical Care Affiliates by 60.1% in the second quarter. Columbus Circle Investors now owns 454,126 shares of the company’s stock worth $21,648,000 after buying an additional 170,404 shares during the period. Great West Life Assurance Co. Can increased its position in Surgical Care Affiliates by 5.9% in the third quarter. Great West Life Assurance Co. Can now owns 37,374 shares of the company’s stock worth $1,821,000 after buying an additional 2,093 shares during the period. First Trust Advisors LP purchased a new position in Surgical Care Affiliates during the second quarter worth about $1,751,000. Neuberger Berman Group LLC increased its position in Surgical Care Affiliates by 10.7% in the second quarter. Neuberger Berman Group LLC now owns 1,000,175 shares of the company’s stock worth $47,678,000 after buying an additional 96,600 shares during the period. Finally, First Mercantile Trust Co. increased its position in Surgical Care Affiliates by 28.3% in the second quarter. First Mercantile Trust Co. now owns 11,200 shares of the company’s stock worth $534,000 after buying an additional 2,470 shares during the period.

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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