New York State Teachers Retirement System Lowers Stake in Surgical Care Affiliates Inc (SCAI)

New York State Teachers Retirement System cut its stake in shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,746 shares of the company’s stock after selling 1,100 shares during the period. New York State Teachers Retirement System’s holdings in Surgical Care Affiliates were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. boosted its stake in Surgical Care Affiliates by 69.6% in the third quarter. Eagle Asset Management Inc. now owns 232,969 shares of the company’s stock valued at $11,359,000 after buying an additional 95,641 shares during the period. Nationwide Fund Advisors boosted its stake in Surgical Care Affiliates by 59.8% in the third quarter. Nationwide Fund Advisors now owns 132,715 shares of the company’s stock valued at $6,471,000 after buying an additional 49,669 shares during the period. Louisiana State Employees Retirement System boosted its stake in Surgical Care Affiliates by 2.5% in the third quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock valued at $600,000 after buying an additional 300 shares during the period. Monarch Partners Asset Management LLC bought a new stake in Surgical Care Affiliates during the third quarter valued at $5,760,000. Finally, Great West Life Assurance Co. Can boosted its stake in Surgical Care Affiliates by 5.9% in the third quarter. Great West Life Assurance Co. Can now owns 37,374 shares of the company’s stock valued at $1,821,000 after buying an additional 2,093 shares during the period.

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

Shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) opened at 55.87 on Friday. Surgical Care Affiliates Inc has a 12-month low of $37.51 and a 12-month high of $57.44. The company has a market cap of $2.27 billion, a PE ratio of 65.12 and a beta of 0.58. The company has a 50-day moving average of $56.56 and a 200 day moving average of $49.05.

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SCAI has been the topic of several recent analyst reports. TheStreet upgraded shares of Surgical Care Affiliates from a “hold” rating to a “buy” rating in a report on Monday, December 5th. Citigroup Inc initiated coverage on shares of Surgical Care Affiliates in a report on Wednesday, January 4th. They issued a “neutral” rating and a $50.00 price target on the stock. SunTrust Banks, Inc. cut shares of Surgical Care Affiliates from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, Zacks Investment Research cut shares of Surgical Care Affiliates from a “hold” rating to a “strong sell” rating in a report on Thursday, January 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Surgical Care Affiliates has an average rating of “Hold” and a consensus target price of $52.50.

In other news, General Counsel Richard L. Jr. Sharff sold 19,517 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $56.73, for a total transaction of $1,107,199.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew P. Hayek sold 3,124 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $56.55, for a total value of $176,662.20. The disclosure for this sale can be found here. Insiders have sold a total of 50,757 shares of company stock worth $2,840,988 over the last ninety days. Insiders own 3.30% of the company’s stock.

Surgical Care Affiliates Company Profile

Surgical Care Affiliates, Inc is a provider of solutions to physicians, health plans and health systems to optimize surgical care. The Company offers tools and systems in the areas of clinical benchmarking, clinical best practices, operating efficiency, care coordination and supply chain management. As of December 31, 2016, the Company operated a network of surgical facilities in the United States, which included 197 ambulatory surgery centers (ASCs) and seven surgical hospitals in partnership with approximately 3,000 physician partners.

5 Day Chart for NASDAQ:SCAI

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