Prudential Financial Inc. lowered its stake in shares of Surgical Care Affiliates, Inc. (NASDAQ:SCAI) by 25.2% during the third quarter, Holdings Channel reports. The fund owned 49,390 shares of the company’s stock after selling 16,670 shares during the period. Prudential Financial Inc. owned about 0.12% of Surgical Care Affiliates worth $2,408,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCAI. Monarch Partners Asset Management LLC acquired a new stake in Surgical Care Affiliates during the third quarter valued at $5,760,000. Columbus Circle Investors raised its stake in Surgical Care Affiliates by 60.1% in the second quarter. Columbus Circle Investors now owns 454,126 shares of the company’s stock valued at $21,648,000 after buying an additional 170,404 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Surgical Care Affiliates by 69.6% in the third quarter. Eagle Asset Management Inc. now owns 232,969 shares of the company’s stock valued at $11,359,000 after buying an additional 95,641 shares during the last quarter. Great West Life Assurance Co. Can raised its stake 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 valued at $1,821,000 after buying an additional 2,093 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Surgical Care Affiliates by 57.2% in the third quarter. Neuberger Berman Group LLC now owns 1,571,817 shares of the company’s stock valued at $76,642,000 after buying an additional 571,642 shares during the last quarter.

Institutional Ownership by Quarter for Surgical Care Affiliates (NASDAQ:SCAI)

Surgical Care Affiliates, Inc. (NASDAQ:SCAI) opened at 56.59 on Friday. The stock’s 50 day moving average is $45.08 and its 200 day moving average is $45.45. The firm has a market cap of $2.29 billion, a P/E ratio of 102.70 and a beta of 0.53. Surgical Care Affiliates, Inc. has a one year low of $37.07 and a one year high of $57.44.

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 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 business earned $322.80 million during the quarter, compared to the consensus estimate of $309.11 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. On average, equities research analysts expect that Surgical Care Affiliates, Inc. will post $1.89 earnings per share for the current year.

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Several analysts have weighed in on SCAI shares. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. Citigroup Inc. started coverage on shares of Surgical Care Affiliates in a research note on Wednesday, January 4th. They set a “neutral” rating and a $50.00 target price for the company. Finally, TheStreet upgraded shares of Surgical Care Affiliates from a “hold” rating to a “buy” rating in a research note on Monday, December 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Surgical Care Affiliates has an average rating of “Hold” and an average price target of $49.67.

In other news, CEO Andrew P. Hayek sold 3,124 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $45.37, for a total value of $141,735.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew P. Hayek sold 7,292 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $47.01, for a total value of $342,796.92. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Surgical Care Affiliates Company Profile

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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