Swiss National Bank cut its stake in shares of Surgical Care Affiliates, Inc. (NASDAQ:SCAI) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,800 shares of the company’s stock after selling 1,000 shares during the period. Swiss National Bank owned 0.11% of Surgical Care Affiliates worth $2,184,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in shares of Surgical Care Affiliates during the third quarter valued at about $112,000. PineBridge Investments L.P. boosted 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 last quarter. Teacher Retirement System of Texas boosted 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 last quarter. BlackRock Inc. boosted 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 last quarter. Finally, Stanley Laman Group Ltd. bought a new stake in shares of Surgical Care Affiliates during the third quarter valued at about $203,000.

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

Shares of Surgical Care Affiliates, Inc. (NASDAQ:SCAI) opened at 56.59 on Friday. Surgical Care Affiliates, Inc. has a 1-year low of $37.07 and a 1-year high of $57.44. The firm has a market capitalization of $2.29 billion, a PE ratio of 102.70 and a beta of 0.53. The firm has a 50-day moving average price of $45.08 and a 200-day moving average price of $45.45.

Surgical Care Affiliates (NASDAQ:SCAI) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $309.11 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. On average, analysts forecast that Surgical Care Affiliates, Inc. will post $1.89 EPS for the current fiscal year.

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Several brokerages have recently issued reports on SCAI. Citigroup Inc. began coverage on Surgical Care Affiliates in a research note on Wednesday, January 4th. They issued a “neutral” rating and a $50.00 price objective on the stock. Zacks Investment Research cut Surgical Care Affiliates from a “hold” rating to a “strong sell” rating in a research note on Thursday. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Surgical Care Affiliates in a research note on Thursday, September 22nd. Finally, TheStreet upgraded 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 given a hold rating and three have issued a buy rating to the company. Surgical Care Affiliates currently has a consensus rating of “Hold” and an average target price of $49.67.

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

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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