Swiss National Bank continued to hold its stake in Surgical Care Affiliates Inc. (NASDAQ:SCAI) during the second quarter, Holdings Channel reports. The institutional investor owned 45,800 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.11% of Surgical Care Affiliates worth $2,183,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SCAI. BlackRock Fund Advisors increased its position in shares of Surgical Care Affiliates by 147.5% in the first quarter. BlackRock Fund Advisors now owns 1,665,072 shares of the company’s stock valued at $77,060,000 after buying an additional 992,347 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Surgical Care Affiliates by 334.0% in the first quarter. TIAA CREF Investment Management LLC now owns 641,079 shares of the company’s stock valued at $29,669,000 after buying an additional 493,372 shares during the period. State Street Corp increased its position in shares of Surgical Care Affiliates by 30.6% in the first quarter. State Street Corp now owns 577,831 shares of the company’s stock valued at $26,745,000 after buying an additional 135,280 shares during the period. Columbus Circle Investors increased its position in shares of 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 period. Finally, Geode Capital Management LLC increased its position in shares of Surgical Care Affiliates by 12.1% in the first quarter. Geode Capital Management LLC now owns 288,354 shares of the company’s stock valued at $13,344,000 after buying an additional 31,152 shares during the period. 99.52% of the stock is owned by institutional investors.

Surgical Care Affiliates Inc. (NASDAQ:SCAI) traded up 0.68% on Monday, reaching $41.58. 186,284 shares of the company’s stock were exchanged. Surgical Care Affiliates Inc. has a 12 month low of $27.88 and a 12 month high of $52.79. The firm has a 50 day moving average of $45.19 and a 200 day moving average of $45.80. The stock has a market capitalization of $1.67 billion, a PE ratio of 13.51 and a beta of 0.48.

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

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

In related news, CEO Andrew P. Hayek sold 12,240 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $49.52, for a total transaction of $606,124.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew P. Hayek sold 7,292 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $49.61, for a total transaction of $361,756.12. The disclosure for this sale can be found here. Corporate 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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