Surgical Care Affiliates Inc. (NASDAQ:SCAI) was down 2.7% during trading on Tuesday . The company traded as low as $40.45 and last traded at $40.45, with a volume of 97,999 shares changing hands. The stock had previously closed at $41.58.

A number of equities research analysts have commented on SCAI shares. Goldman Sachs Group Inc. cut Surgical Care Affiliates from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research note on Wednesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Surgical Care Affiliates from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Barclays PLC reaffirmed a “buy” rating on shares of Surgical Care Affiliates in a research report on Saturday, July 9th. Finally, Jefferies Group lifted their target price on Surgical Care Affiliates from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $49.60.

The firm has a 50-day moving average of $43.48 and a 200-day moving average of $45.75. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 13.96 and a beta of 0.48.

Surgical Care Affiliates (NASDAQ:SCAI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The business earned $299.90 million during the quarter, compared to analyst estimates of $289.67 million. Surgical Care Affiliates had a return on equity of 8.18% and a net margin of 11.20%. Surgical Care Affiliates’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. Equities analysts expect that Surgical Care Affiliates Inc. will post $1.97 EPS for the current year.

In other news, CEO Andrew P. Hayek sold 990 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $51.13, for a total value of $50,618.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew P. Hayek sold 7,292 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $41.64, for a total value of $303,638.88. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. PineBridge Investments L.P. raised its position 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 in the last quarter. Teacher Retirement System of Texas raised its position 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 in the last quarter. BlackRock Inc. raised its position 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 in the last quarter. Citadel Advisors LLC purchased a new position in shares of Surgical Care Affiliates during the second quarter valued at about $204,000. Finally, Riverhead Capital Management LLC purchased a new position in shares of Surgical Care Affiliates during the first quarter valued at about $210,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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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