November 29, 2016 - By whatsonthorold
Director, Andrew Hayek is the Surgical Care Affiliates Inc’s insider which made a sale of shares of Surgical Care Affiliates Inc, 7,292 to be exact. The company’s shares were based on an average price-per-share of $43.5, with the insider transaction having a total value of $316,955 U.S Dollars. In the last month, he also unloaded 29,168 shares worth about $1,234,845 USD. A Form 4 free at your disposal for review here unveiled this deal activity. It was unveiled on November 29, 2016 and filled with U.S. Security & Exchange Commission. Currently, Mr. Andrew, possess 298,092 shares, which accounts for 0.74% of the Company’s market capitalization.
Out of 4 analysts covering Surgical Care Affiliates (NASDAQ:SCAI), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $49 is the highest target while $37 is the lowest. The $44.75 average target is 3.76% above today’s ($43.13) stock price. Surgical Care Affiliates has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Surgical Care Affiliates Inc (NASDAQ:SCAI) earned “Neutral” rating by JP Morgan on Wednesday, September 16. The stock of Surgical Care Affiliates Inc (NASDAQ:SCAI) has “Buy” rating given on Thursday, December 17 by Goldman Sachs. The company was maintained on Wednesday, August 5 by Barclays Capital.
Insitutional Activity: The institutional sentiment increased to 1.56 in 2016 Q2. Its up 0.40, from 1.16 in 2016Q1. The ratio improved, as 14 funds sold all Surgical Care Affiliates Inc shares owned while 50 reduced positions. 20 funds bought stakes while 54 increased positions. They now own 40.77 million shares or 0.03% less from 40.78 million shares in 2016Q1.
Moreover, Ladenburg Thalmann Finance Services has 0% invested in Surgical Care Affiliates Inc (NASDAQ:SCAI) for 100 shares. Blackrock Japan Ltd, a Japan-based fund reported 466 shares. Barclays Public Limited Com reported 6 shares or 0% of all its holdings. Millennium Management Ltd last reported 449,446 shares in the company. Manufacturers Life Insurance Commerce The accumulated 0% or 18,475 shares. Moreover, Nbw Capital Lc has 0.86% invested in Surgical Care Affiliates Inc (NASDAQ:SCAI) for 58,663 shares. Legal General Gp Public Limited Co last reported 6,528 shares in the company. Waddell And Reed accumulated 0.06% or 627,532 shares. California State Teachers Retirement System accumulated 0.01% or 56,285 shares. Goldman Sachs Group holds 0% of its portfolio in Surgical Care Affiliates Inc (NASDAQ:SCAI) for 28,155 shares. Tower Capital Ltd (Trc) accumulated 0% or 768 shares. Moreover, Royal National Bank Of Canada has 0% invested in Surgical Care Affiliates Inc (NASDAQ:SCAI) for 125 shares. Teacher Retirement Systems Of Texas accumulated 0% or 3,892 shares. Hood River Mngmt Ltd Liability Company accumulated 0.72% or 112,804 shares. Welch Capital Prtn Ltd Llc Ny accumulated 138,311 shares or 2.37% of the stock.
Insider Transactions: Since July 5, 2016, the stock had 0 insider buys, and 24 selling transactions for $8.50 million net activity. The insider HAYEK ANDREW P sold 12,240 shares worth $606,125. The insider Rucker Michael A. sold 17,500 shares worth $744,800.
About 308,209 shares traded hands or 24.81% up from the average. Surgical Care Affiliates Inc (NASDAQ:SCAI) has declined 11.85% since April 26, 2016 and is downtrending. It has underperformed by 17.11% the S&P500.
Surgical Care Affiliates, Inc. is a well-known provider of solutions to physicians and health systems. The company has a market cap of $1.68 billion. The Firm 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. It has a 77.3 P/E ratio. The Company’s network of facilities includes ASCs, surgical hospitals and hospital surgery departments.
According to Zacks Investment Research, “Surgical Care Affiliates Inc. operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments. It serves customers throughout the United States. Surgical Care Affiliates Inc. is based in United States.”
Analysts await Surgical Care Affiliates Inc (NASDAQ:SCAI) to report earnings on February, 21. They expect $0.80 earnings per share, up 19.40% or $0.13 from last year’s $0.67 per share. SCAI’s profit will be $31.16M for 13.48 P/E if the $0.80 EPS becomes a reality. After $0.33 actual earnings per share reported by Surgical Care Affiliates Inc for the previous quarter, Wall Street now forecasts 142.42% EPS growth.
More notable recent Surgical Care Affiliates Inc (NASDAQ:SCAI) news were published by: Marketwatch.com which released: “Surgical Care Affiliates downgraded to neutral from buy at Goldman Sachs” on June 06, 2011, also Globenewswire.com with their article: “Surgical Care Affiliates, Inc. Announces Successful Refinancing of Term Loan ..” published on October 25, 2016, Prnewswire.com published: “Surgical Care Affiliates Has Acquired A Majority Interest In The Surgery ..” on August 17, 2016. More interesting news about Surgical Care Affiliates Inc (NASDAQ:SCAI) were released by: Globenewswire.com and their article: “Surgical Care Affiliates Partners With Raritan Valley Surgery Center” published on July 14, 2016 as well as Seekingalpha.com‘s news article titled: “Surgical Care Affiliates’ (SCAI) CEO Andrew Hayek on Q2 2016 Results ..” with publication date: August 02, 2016.
Surgical Care Affiliates, Inc. (Surgical Care Affiliates), incorporated on March 23, 2007, is a well-known provider of solutions to physicians and health systems. The Firm 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. The Company’s network of facilities includes ASCs, surgical hospitals and hospital surgery departments. The Firm owns and operates facilities in partnership with over 50 health systems and approximately 2,800 physician partners.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.