Here is the rundown on market activity for Surgical Care Affiliates, Inc. (NASDAQ:SCAI). Michael A. Rucker, Chief Operating Officer sold $828,625 worth of shares at an average price of $47.35 on Tue the 5th. The Chief Operating Officer now owns $4,277,173 of the stock per an SEC filing yesterday. Chief Executive Officer Andrew P. Hayek sold 13,468 shares at an average price of $44.06 on Mon the 28th. Hayek now owns $12,324,992 of stock as reported to the SEC.
Here are some other firms who have updated their holdings. Royal Bank Of Canada cut its position by shedding 4 shares a decrease of 7.5% in the quarter. Royal Bank Of Canada now controls 49 shares with a value of $2,000. The total value of its holdings decreased 0.0%. As of the end of the quarter Ifp Advisors, Inc had sold 100 shares trimming its holdings by 16.7%. The value of the total investment in Surgical Care Affiliates, Inc. went from $28,000 to $24,000 a change of 14.3% quarter over quarter.
Sterling Capital Management LLC reduced its investment by selling 914 shares a decrease of 28.2%. Sterling Capital Management LLC owns 2,330 shares worth $111,000. The value of the position overall is down by 26.0%. Schwab Charles Investment Management Inc expanded its holdings by buying 12,633 shares an increase of 15.5% from 12/31/2015 to 06/30/2016. Schwab Charles Investment Management Inc claims 94,399 shares valued at $4,500,000. The value of the position overall is up by 38.2%.
February 17 investment analysts at Barclays maintained a company rating of “Overweight” but moved up the price target from $46.00 to $54.00. On February 17 SunTrust Robinson Humphrey made no change to the company rating of “Buy” and raised the price target to $50.00 from $48.00.
Equity analyst Goldman Sachs raised the price target and upgraded the stock on December 17 changing the price target from $39.00 to $44.00 and altering the rating from “Neutral” to “Buy”. On December 17 the company was upgraded to “Buy” from “Neutral” and a price target of $44.00 was set in a statement from Goldman Sachs.
October 8 investment analysts at Barclays left the company rating at “Overweight” but lowered the price expectation from $45.00 to $42.00. On September 16 analysts at JP Morgan initiated coverage with a rating of “Neutral”.
In the market the company is trading up from yesterday’s close of $45.86. It is currently trading at $46.95 a bit higher than the 50 day moving average which is $43.14 and a tad above the 200 day moving average of $45.85. The 50 day moving average moved up $3.86 and the 200 day average was up $1.15.
The most current P/E ratio is 15.27 and the market cap is 1.89B. In the last earnings report the EPS was $3.08 and is estimated to be $1.97 for the current year with 40,205,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.77 with next year’s EPS projected to be $2.29.
Traders are a little more bearish of late as implied by the increase in short interest. The firm realized a rise in short interest between August 31, 2016 and September 15, 2016 of 0.09%. Short interest increased 107,437 over that period. With short interest at 1,338,969 and short average daily volume at 185,573, days to cover is 7.2 and the percentage of shorted shares is 0.03% as of September 15.