The stock of Surgical Care Affiliates Inc (NASDAQ:SCAI) is a huge mover today! About 325,683 shares traded hands or 24.29% up from the average. Surgical Care Affiliates Inc (NASDAQ:SCAI) has risen 10.93% since February 26, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.
The move comes after 6 months positive chart setup for the $1.96 billion company. It was reported on Oct, 1 by Barchart.com. We have $78.73 PT which if reached, will make NASDAQ:SCAI worth $1.23 billion more.
Analysts await Surgical Care Affiliates Inc (NASDAQ:SCAI) to report earnings on November, 2. They expect $0.40 earnings per share, down 11.11% or $0.05 from last year’s $0.45 per share. SCAI’s profit will be $16.23M for 30.19 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share reported by Surgical Care Affiliates Inc for the previous quarter, Wall Street now forecasts 2.56% EPS growth.
Surgical Care Affiliates Inc (NASDAQ:SCAI) Ratings Coverage
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. Surgical Care Affiliates has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, December 17 by Goldman Sachs. Barclays Capital maintained Surgical Care Affiliates Inc (NASDAQ:SCAI) rating on Wednesday, August 5. Barclays Capital has “Overweight” rating and $45.0 price target. The rating was initiated by JP Morgan with “Neutral” on Wednesday, September 16.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.53, from 1.69 in 2016Q1. The ratio turned negative, 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.
Blackrock Fund holds 1.83 million shares or 0.02% of its portfolio. Blackrock Group has 0% invested in the company for 40,682 shares. Vanguard Gru Inc accumulated 2.28M shares or 0.01% of the stock. Martingale Asset Mgmt Lp holds 15,008 shares or 0.01% of its portfolio. Hgk Asset reported 11,372 shares or 0.08% of all its holdings. The New York-based M&T Savings Bank has invested 0% in Surgical Care Affiliates Inc (NASDAQ:SCAI). National Bank Of America Corporation De owns 460,075 shares or 0.01% of their US portfolio. The Ontario – Canada-based Royal Bank & Trust Of Canada has invested 0% in Surgical Care Affiliates Inc (NASDAQ:SCAI). Hillsdale Invest has invested 0.11% of its portfolio in Surgical Care Affiliates Inc (NASDAQ:SCAI). Oxford Asset has 53,199 shares for 0.11% of their US portfolio. First Advsrs Limited Partnership accumulated 36,741 shares or 0.01% of the stock. The Texas-based Highland Cap Mgmt Lp has invested 0.15% in Surgical Care Affiliates Inc (NASDAQ:SCAI). Cupps Cap Ltd Liability Corp last reported 70,165 shares in the company. Dimensional Fund Advisors L P owns 881,142 shares or 0.02% of their US portfolio. Ameriprise Fincl has 0% invested in the company for 164,466 shares.
More important recent Surgical Care Affiliates Inc (NASDAQ:SCAI) news were published by: Marketwatch.com which released: “Surgical Care Affiliates Inc.” on June 06, 2011, also Globenewswire.com published article titled: “Surgical Care Affiliates, Inc. Announces Appointment of New Director”, Finance.Yahoo.com published: “Surgical Care Affiliates and Virtua Health Partner With Bergen-Passaic …” on August 31, 2016. More interesting news about Surgical Care Affiliates Inc (NASDAQ:SCAI) was released by: Globenewswire.com and their article: “Surgical Care Affiliates Partners With Raritan Valley Surgery Center” with publication date: July 14, 2016.
SCAI Company Profile
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.
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